Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Apollo Global Management LLC (NYSE:APO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 216,363 shares of the financial services provider’s stock, valued at approximately $7,242,000. Philadelphia Financial Management of San Francisco LLC owned approximately 0.11% of Apollo Global Management as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Stelac Advisory Services LLC acquired a new stake in shares of Apollo Global Management during the 3rd quarter valued at $117,000. Pinnacle Holdings LLC lifted its holdings in Apollo Global Management by 496.1% during the 4th quarter. Pinnacle Holdings LLC now owns 3,785 shares of the financial services provider’s stock worth $127,000 after buying an additional 3,150 shares during the period. Camarda Financial Advisors LLC acquired a new position in Apollo Global Management during the 4th quarter worth about $186,000. Moors & Cabot Inc. acquired a new position in Apollo Global Management during the 4th quarter worth about $200,000. Finally, Waratah Capital Advisors Ltd. acquired a new position in Apollo Global Management during the 4th quarter worth about $203,000. 70.48% of the stock is currently owned by institutional investors.
In other news, CFO Martin Kelly sold 15,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $34.25, for a total value of $513,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pauline Richards bought 1,280 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $33.66 per share, with a total value of $43,084.80. The disclosure for this purchase can be found here. Insiders sold a total of 5,091,842 shares of company stock worth $173,113,138 over the last three months. 4.11% of the stock is owned by company insiders.
Shares of Apollo Global Management LLC (APO) traded down $0.13 during trading hours on Wednesday, hitting $32.88. The stock had a trading volume of 39,933 shares, compared to its average volume of 1,103,998. The firm has a market cap of $6,759.52, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.26 and a quick ratio of 2.26. Apollo Global Management LLC has a 12 month low of $22.91 and a 12 month high of $37.35.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.55. The company had revenue of $869.50 million for the quarter, compared to the consensus estimate of $599.38 million. Apollo Global Management had a return on equity of 62.94% and a net margin of 23.92%. The firm’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. research analysts predict that Apollo Global Management LLC will post 3.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 8.03%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.39. The ex-dividend date was Tuesday, February 20th. Apollo Global Management’s payout ratio is currently 84.89%.
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.
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