Tiger Global Management, a 10% owner of Apollo Global Management LLC (APO, Financial), purchased 361,800 shares of Apollo between March 30 and April 4 in three separate transactions according to an SEC filing.
Tiger Global Management now owns 23,361,799 total shares.
Apollo is a global alternative investment manager, which provides private equity, credit-oriented capital markets and real estate. The company raises, invests and manages funds on pension and endowment funds as well as other institutional and individual investors. It operates through three business segments: Private Equity, Credit and Real Estate.
The company currently has approximately $170 billion in assets under management. Apollo also manages assets for Athene, a fixed-annuity provider that provides the company with over $60 billion in permanent capital.
Apollo has a market cap of $9.94 billion, a price-earnings (P/E) ratio of 11.85, an enterprise value of $9.86 billion, a price-book (P/B) ratio of 11.89, a price-sales (P/S) ratio of 2.32, a current ratio of 3.24 and a dividend yield of 5.75%.
Over the past five years, Apollo has averaged 4.96% growth in net income, a 0.78% increase in earnings per share, a 100% increase in gross margin and a 33.74% increase in cash flow.
According to GuruFocus, the company has a 5 of 10 financial strength rating with a cash-debt ratio of 1.52 and an equity-asset ratio of 0.15. Its Altman Z-Score of 2.68 indicates it is experiencing some sort of financial distress. The company’s Beneish M-Score of -1.57 suggests it is a manipulator of its financial statements.
The company has an 8 of 10 profitability and growth rating. It has an operating margin of 40.83%, a net margin of 20.45%, a return on assets (ROA) of 7.99% and a three-year revenue growth rate of -25.80%.
Apollo has gained an estimated 44% over the previous year. The company also has strong earnings power of $44.44, a healthy Piotroski F-Score of 7 and is trading below its intrinsic value according to the Peter Lynch chart below.
Disclosure: Author does not own any shares of this company.
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