Tiger Global Management Llc Buys 653,700 Shares of Apollo Global Management LLC (APO) Stock

Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management Llc acquired 653,700 shares of the company’s stock in a transaction dated Monday, April 17th. The stock was acquired at an average cost of $25.87 per share, with a total value of $16,911,219.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, April 19th, Tiger Global Management Llc bought 146,475 shares of Apollo Global Management stock. The stock was purchased at an average price of $25.70 per share, with a total value of $3,764,407.50.
  • On Tuesday, April 18th, Tiger Global Management Llc bought 376,225 shares of Apollo Global Management stock. The stock was purchased at an average price of $25.60 per share, with a total value of $9,631,360.00.
  • On Thursday, April 13th, Tiger Global Management Llc bought 1,486,800 shares of Apollo Global Management stock. The stock was purchased at an average price of $25.78 per share, with a total value of $38,329,704.00.
  • On Tuesday, April 11th, Tiger Global Management Llc bought 450,000 shares of Apollo Global Management stock. The stock was purchased at an average price of $25.48 per share, with a total value of $11,466,000.00.
  • On Friday, April 7th, Tiger Global Management Llc bought 1,266,800 shares of Apollo Global Management stock. The stock was purchased at an average price of $25.26 per share, with a total value of $31,999,368.00.
  • On Wednesday, April 5th, Tiger Global Management Llc bought 403,200 shares of Apollo Global Management stock. The stock was purchased at an average price of $25.03 per share, with a total value of $10,092,096.00.
  • On Monday, April 3rd, Tiger Global Management Llc bought 361,800 shares of Apollo Global Management stock. The stock was purchased at an average price of $23.75 per share, with a total value of $8,592,750.00.

Apollo Global Management LLC (NYSE:APO) opened at 25.60 on Friday. The firm’s 50-day moving average is $24.04 and its 200-day moving average is $21.03. Apollo Global Management LLC has a 1-year low of $14.25 and a 1-year high of $26.22. The company has a market capitalization of $4.79 billion, a P/E ratio of 12.14 and a beta of 1.19.

Apollo Global Management (NYSE:APO) last issued its earnings results on Friday, February 3rd. The financial services provider reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.29. Apollo Global Management had a net margin of 20.44% and a return on equity of 70.68%. The company had revenue of $685.40 million for the quarter, compared to the consensus estimate of $511.56 million. During the same quarter in the previous year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 253.8% compared to the same quarter last year. Equities research analysts predict that Apollo Global Management LLC will post $2.30 EPS for the current year.

Insider Buying and Selling by Quarter for Apollo Global Management (NYSE:APO)

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Several large investors have recently modified their holdings of the stock. GMT Capital Corp increased its stake in shares of Apollo Global Management by 107.8% in the third quarter. GMT Capital Corp now owns 6,598,833 shares of the financial services provider’s stock valued at $66,628,000 after buying an additional 3,422,692 shares in the last quarter. Morgan Stanley boosted its position in Apollo Global Management by 9.1% in the third quarter. Morgan Stanley now owns 7,619,834 shares of the financial services provider’s stock worth $136,852,000 after buying an additional 636,663 shares in the last quarter. Toronto Dominion Bank boosted its position in Apollo Global Management by 217.7% in the third quarter. Toronto Dominion Bank now owns 927,512 shares of the financial services provider’s stock worth $16,658,000 after buying an additional 635,591 shares in the last quarter. LGT Capital Partners LTD. acquired a new position in Apollo Global Management during the first quarter worth about $10,214,000. Finally, Beck Mack & Oliver LLC boosted its position in Apollo Global Management by 13.6% in the third quarter. Beck Mack & Oliver LLC now owns 2,908,412 shares of the financial services provider’s stock worth $52,235,000 after buying an additional 347,854 shares in the last quarter. Institutional investors own 63.79% of the company’s stock.

Several brokerages have recently weighed in on APO. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 target price on shares of Apollo Global Management in a research note on Friday, March 17th. Jefferies Group LLC upped their target price on shares of Apollo Global Management from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. TheStreet upgraded shares of Apollo Global Management from a “c” rating to a “b-” rating in a research note on Friday, February 3rd. Finally, Bank of America Corp upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.62.

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.

5 Day Chart for NYSE:APO

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