Apollo Global Management LLC (NYSE:APO) Director Pauline Richards purchased 1,280 shares of Apollo Global Management stock in a transaction dated Wednesday, February 7th. The stock was bought at an average cost of $33.66 per share, with a total value of $43,084.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Apollo Global Management LLC (NYSE APO) opened at $32.33 on Monday. Apollo Global Management LLC has a one year low of $21.39 and a one year high of $37.35. The company has a market cap of $6,257.15, a P/E ratio of 9.06, a P/E/G ratio of 0.94 and a beta of 1.03. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.67 by $0.55. Apollo Global Management had a net margin of 23.92% and a return on equity of 66.33%. The business had revenue of $869.50 million during the quarter, compared to analyst estimates of $599.38 million. During the same period in the prior year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up 26.9% on a year-over-year basis. equities analysts predict that Apollo Global Management LLC will post 3.1 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.39. Apollo Global Management’s dividend payout ratio is 50.16%.

A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $43.00 price target on shares of Apollo Global Management in a research note on Thursday, February 1st. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Credit Suisse Group increased their target price on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, Citigroup lowered shares of Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Apollo Global Management has an average rating of “Buy” and a consensus price target of $36.33.

Several large investors have recently modified their holdings of the stock. Pzena Investment Management LLC lifted its position in shares of Apollo Global Management by 1.0% in the 4th quarter. Pzena Investment Management LLC now owns 292,861 shares of the financial services provider’s stock valued at $9,802,000 after acquiring an additional 2,772 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Apollo Global Management by 56.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,233,286 shares of the financial services provider’s stock valued at $41,278,000 after acquiring an additional 443,134 shares in the last quarter. LLBH Private Wealth Management LLC lifted its position in shares of Apollo Global Management by 11.6% in the 4th quarter. LLBH Private Wealth Management LLC now owns 58,156 shares of the financial services provider’s stock valued at $1,954,000 after acquiring an additional 6,066 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $203,000. Finally, BlackRock Inc. purchased a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $1,613,000. Institutional investors and hedge funds own 71.41% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://theolympiareport.com/2018/02/12/apollo-global-management-llc-apo-director-acquires-43084-80-in-stock.html.

Apollo Global Management Company Profile

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

Insider Buying and Selling by Quarter for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.