Apollo Global Management, LLC (NYSE:APO) major shareholder Tiger Global Management Llc purchased 100,916 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was bought at an average cost of $27.36 per share, with a total value of $2,761,061.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Thursday, July 20th, Tiger Global Management Llc purchased 249,968 shares of Apollo Global Management stock. The stock was bought at an average cost of $27.68 per share, with a total value of $6,919,114.24.
  • On Tuesday, May 23rd, Tiger Global Management Llc purchased 73,800 shares of Apollo Global Management stock. The stock was bought at an average cost of $27.41 per share, with a total value of $2,022,858.00.
  • On Monday, May 22nd, Tiger Global Management Llc purchased 859,600 shares of Apollo Global Management stock. The stock was bought at an average cost of $26.22 per share, with a total value of $22,538,712.00.
  • On Thursday, May 18th, Tiger Global Management Llc acquired 681,672 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.42 per share, for a total transaction of $18,009,774.24.
  • On Friday, May 12th, Tiger Global Management Llc acquired 202,100 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.98 per share, for a total transaction of $5,452,658.00.
  • On Thursday, May 11th, Tiger Global Management Llc acquired 308,500 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.48 per share, for a total transaction of $8,169,080.00.
  • On Monday, May 8th, Tiger Global Management Llc acquired 175,600 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.55 per share, for a total transaction of $4,662,180.00.
  • On Tuesday, May 9th, Tiger Global Management Llc acquired 431,500 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.86 per share, for a total transaction of $11,590,090.00.
  • On Friday, May 5th, Tiger Global Management Llc acquired 298,200 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.19 per share, for a total transaction of $7,809,858.00.
  • On Monday, May 1st, Tiger Global Management Llc acquired 295,500 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.73 per share, for a total transaction of $7,898,715.00.

Shares of Apollo Global Management, LLC (NYSE APO) traded up 0.22% during mid-day trading on Friday, hitting $27.93. 781,749 shares of the stock traded hands. Apollo Global Management, LLC has a 12-month low of $16.33 and a 12-month high of $28.42. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 9.18 and a beta of 1.22. The firm’s 50 day moving average price is $27.14 and its 200 day moving average price is $24.72.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Friday, April 28th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.19. Apollo Global Management had a net margin of 23.30% and a return on equity of 72.89%. The business had revenue of $641.55 million for the quarter, compared to analysts’ expectations of $570.83 million. During the same period in the prior year, the company posted ($0.18) EPS. The business’s revenue for the quarter was up 431.0% on a year-over-year basis. On average, equities research analysts predict that Apollo Global Management, LLC will post $2.47 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of APO. TCI Wealth Advisors Inc. boosted its position in Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,601 shares during the period. Penserra Capital Management LLC boosted its position in Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,918 shares during the period. NEXT Financial Group Inc boosted its position in Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock worth $169,000 after buying an additional 3,300 shares during the period. Global X Management Co. LLC bought a new position in Apollo Global Management during the first quarter worth $161,000. Finally, Koshinski Asset Management Inc. bought a new position in Apollo Global Management during the second quarter worth $202,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on APO. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Apollo Global Management in a research note on Monday, July 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $33.00 price objective on shares of Apollo Global Management in a research note on Friday, July 14th. BidaskClub lowered shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) increased their price objective on shares of Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $26.91.

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)

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