Apollo Global Management, LLC (NYSE:APO) saw some unusual options trading on Monday. Investors bought 3,963 put options on the company. This is an increase of 1,154% compared to the typical volume of 316 put options.

In other news, major shareholder Tiger Global Management Llc purchased 253,672 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $28.48 per share, with a total value of $7,224,578.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.11% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tiger Global Management LLC increased its holdings in Apollo Global Management by 40.9% during the 2nd quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock worth $869,814,000 after purchasing an additional 9,550,313 shares during the period. Capital World Investors increased its holdings in Apollo Global Management by 16.5% during the 2nd quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock worth $202,335,000 after purchasing an additional 1,082,313 shares during the period. JPMorgan Chase & Co. increased its holdings in Apollo Global Management by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,394,866 shares of the financial services provider’s stock worth $163,950,000 after purchasing an additional 152,999 shares during the period. GMT Capital Corp increased its holdings in Apollo Global Management by 224.2% during the 2nd quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock worth $112,421,000 after purchasing an additional 2,951,622 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Apollo Global Management by 6.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,389,884 shares of the financial services provider’s stock worth $71,936,000 after purchasing an additional 152,657 shares during the period. Institutional investors own 72.58% of the company’s stock.

A number of brokerages have issued reports on APO. Credit Suisse Group upped their price objective on Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Morgan Stanley restated an “equal weight” rating and set a $30.00 price objective (up from $28.00) on shares of Apollo Global Management in a research report on Thursday, October 5th. Citigroup upped their price objective on Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Wells Fargo & Company restated an “outperform” rating and set a $39.00 price objective (up from $34.00) on shares of Apollo Global Management in a research report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.38.

Shares of Apollo Global Management (APO) opened at $30.29 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. Apollo Global Management has a fifty-two week low of $18.90 and a fifty-two week high of $33.37. The firm has a market capitalization of $6,009.42, a P/E ratio of 9.32, a PEG ratio of 1.04 and a beta of 1.22.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.51. Apollo Global Management had a return on equity of 64.11% and a net margin of 24.82%. The firm had revenue of $645.20 million for the quarter, compared to the consensus estimate of $467.72 million. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. research analysts anticipate that Apollo Global Management will post 2.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.56 annualized dividend and a dividend yield of 5.15%. Apollo Global Management’s payout ratio is 50.98%.

WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/12/07/traders-purchase-high-volume-of-put-options-on-apollo-global-management-apo.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.

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