Apollo Global Management, LLC (NYSE:APO) insider John J. Suydam sold 53,383 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $29.07, for a total value of $1,551,843.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apollo Global Management, LLC (NYSE:APO) traded up 3.17% during mid-day trading on Monday, reaching $29.92. The company’s stock had a trading volume of 2,957,973 shares. Apollo Global Management, LLC has a one year low of $17.23 and a one year high of $30.00. The stock has a 50-day moving average price of $27.30 and a 200-day moving average price of $25.16. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 11.71 and a beta of 1.22.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. The firm had revenue of $432.87 million during the quarter, compared to analysts’ expectations of $455.29 million. Apollo Global Management had a return on equity of 61.50% and a net margin of 21.79%. The business’s revenue was down 34.5% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. Equities research analysts forecast that Apollo Global Management, LLC will post $2.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd will be paid a $0.52 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, August 18th. This represents a $2.08 dividend on an annualized basis and a yield of 6.95%. Apollo Global Management’s dividend payout ratio (DPR) is 76.56%.

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A number of research firms have recently commented on APO. JMP Securities restated an “outperform” rating and issued a $32.00 target price on shares of Apollo Global Management in a research note on Friday. UBS AG restated a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Apollo Global Management in a research note on Friday. Deutsche Bank AG raised their target price on Apollo Global Management from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday. Finally, BidaskClub upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.41.

A number of large investors have recently made changes to their positions in APO. ING Groep NV bought a new position in Apollo Global Management during the first quarter valued at about $4,864,000. American National Registered Investment Advisor Inc. raised its stake in shares of Apollo Global Management by 183.4% in the first quarter. American National Registered Investment Advisor Inc. now owns 29,265 shares of the financial services provider’s stock worth $712,000 after buying an additional 18,940 shares in the last quarter. Markel Corp raised its stake in shares of Apollo Global Management by 8.5% in the first quarter. Markel Corp now owns 420,000 shares of the financial services provider’s stock worth $10,214,000 after buying an additional 33,000 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Apollo Global Management during the first quarter worth $242,000. Finally, Beck Mack & Oliver LLC raised its stake in shares of Apollo Global Management by 1.6% in the first quarter. Beck Mack & Oliver LLC now owns 2,995,562 shares of the financial services provider’s stock worth $72,852,000 after buying an additional 46,880 shares in the last quarter. 75.47% of the stock is currently owned by institutional investors.

About Apollo Global Management

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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