Apollo Global Management, LLC (NYSE:APO) Director Robert K. Kraft purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $29.38 per share, with a total value of $293,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Robert K. Kraft also recently made the following trade(s):

  • On Thursday, August 10th, Robert K. Kraft acquired 30,000 shares of Apollo Global Management stock. The stock was acquired at an average cost of $29.90 per share, with a total value of $897,000.00.
  • On Thursday, August 3rd, Robert K. Kraft acquired 30,000 shares of Apollo Global Management stock. The stock was acquired at an average cost of $28.88 per share, with a total value of $866,400.00.

Shares of Apollo Global Management, LLC (NYSE:APO) traded up 2.18% during trading on Tuesday, hitting $30.40. 1,426,673 shares of the stock traded hands. The firm’s 50-day moving average price is $27.75 and its 200-day moving average price is $25.67. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 11.91 and a beta of 1.22. Apollo Global Management, LLC has a 52 week low of $17.38 and a 52 week high of $30.64.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.04. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The company had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue was down 34.5% compared to the same quarter last year. On average, equities research analysts anticipate that Apollo Global Management, LLC will post $2.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.52 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Friday, August 18th. Apollo Global Management’s dividend payout ratio is currently 76.56%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Apollo Global Management during the first quarter valued at about $197,000. Markel Corp raised its position in Apollo Global Management by 8.5% in the first quarter. Markel Corp now owns 420,000 shares of the financial services provider’s stock valued at $10,214,000 after buying an additional 33,000 shares in the last quarter. Wells Fargo & Company MN raised its position in Apollo Global Management by 29.7% in the first quarter. Wells Fargo & Company MN now owns 337,841 shares of the financial services provider’s stock valued at $8,217,000 after buying an additional 77,348 shares in the last quarter. Beck Mack & Oliver LLC raised its position in 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 valued at $72,852,000 after buying an additional 46,880 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Apollo Global Management by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 225,314 shares of the financial services provider’s stock valued at $5,474,000 after buying an additional 4,901 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

APO has been the subject of a number of research reports. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, April 18th. Jefferies Group LLC lifted their price objective on shares of Apollo Global Management from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, June 7th. BidaskClub downgraded shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Apollo Global Management in a report on Monday, July 10th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.90.

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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