Apollo Global Management Director Purchases 5,000 Shares (APO)
Apollo Global Management (NYSE:APO) Director Robert K. Kraft bought 5,000 shares of Apollo Global Management stock on the open market in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $23.67 per share, with a total value of $118,350.00. Following the completion of the transaction, the director now directly owns 10,860 shares in the company, valued at approximately $257,056. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Apollo Global Management (NYSE:APO) traded down 0.83% on Friday, hitting $23.78. The stock had a trading volume of 953,671 shares. Apollo Global Management has a 1-year low of $23.55 and a 1-year high of $36.51. The stock’s 50-day moving average is $25.96 and its 200-day moving average is $28.2. The company has a market cap of $3.728 billion and a price-to-earnings ratio of 8.84.
Apollo Global Management (NYSE:APO) last released its earnings data on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.13. The company had revenue of $572.15 million for the quarter, compared to the consensus estimate of $624.75 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, analysts predict that Apollo Global Management will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, August 20th.
A number of research firms have recently commented on APO. Analysts at Wells Fargo & Co. downgraded shares of Apollo Global Management from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Apollo Global Management in a research note on Thursday, August 7th. Finally, analysts at BB&T Corp. initiated coverage on shares of Apollo Global Management in a research note on Monday, July 21st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.00.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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