Apollo Global Management, Inc. (NYSE:APO – Get Rating) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 12,250,000 shares, a growth of 12.9% from the August 31st total of 10,850,000 shares. Based on an average daily trading volume, of 2,410,000 shares, the short-interest ratio is presently 5.1 days.
Insider Buying and Selling at Apollo Global Management
In other Apollo Global Management news, Director Walter Joseph Clayton III bought 5,000 shares of the company's stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $56.07 per share, for a total transaction of $280,350.00. Following the completion of the transaction, the director now directly owns 29,737 shares of the company's stock, valued at $1,667,353.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Apollo Global Management news, Director Walter Joseph Clayton III bought 5,000 shares of the company's stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $56.07 per share, for a total transaction of $280,350.00. Following the completion of the transaction, the director now directly owns 29,737 shares of the company's stock, valued at $1,667,353.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 20,000 shares of the business's stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $60.86, for a total value of $1,217,200.00. Following the completion of the sale, the chief financial officer now owns 484,275 shares of the company's stock, valued at approximately $29,472,976.50. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.
Get Apollo Global Management alerts:Institutional Investors Weigh In On Apollo Global Management
Large investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $25,000. Parkside Financial Bank & Trust boosted its stake in Apollo Global Management by 7,183.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider's stock worth $27,000 after purchasing an additional 431 shares during the period. McIlrath & Eck LLC acquired a new stake in Apollo Global Management during the 1st quarter worth $28,000. Zions Bancorporation N.A. purchased a new stake in Apollo Global Management in the 1st quarter valued at approximately $30,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Apollo Global Management by 323.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 500 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 382 shares in the last quarter. 69.40% of the stock is owned by hedge funds and other institutional investors.
Apollo Global Management Trading Up 5.2 %
Shares of Apollo Global Management stock traded up $2.43 on Monday, reaching $48.93. 3,542,281 shares of the stock were exchanged, compared to its average volume of 3,318,329. Apollo Global Management has a twelve month low of $45.97 and a twelve month high of $81.07. The business has a 50 day moving average price of $55.96 and a two-hundred day moving average price of $55.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04.Apollo Global Management (NYSE:APO – Get Rating) last announced its earnings results on Thursday, August 4th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. Apollo Global Management had a positive return on equity of 42.48% and a negative net margin of 44.62%. During the same quarter in the prior year, the business posted $1.14 earnings per share. As a group, analysts predict that Apollo Global Management will post 5.17 earnings per share for the current fiscal year.
Apollo Global Management Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Thursday, August 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Wednesday, August 17th. Apollo Global Management's dividend payout ratio (DPR) is -51.45%.
Analysts Set New Price Targets
APO has been the subject of a number of research reports. Bank of America upgraded Apollo Global Management from an "underperform" rating to a "neutral" rating in a report on Friday, September 23rd. They noted that the move was a valuation call. Morgan Stanley boosted their price target on Apollo Global Management from $60.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, August 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Apollo Global Management from $91.00 to $87.00 in a research report on Friday, August 12th. Oppenheimer raised their price objective on Apollo Global Management from $60.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, August 8th. Finally, Barclays initiated coverage on Apollo Global Management in a research note on Wednesday, August 31st. They issued an "overweight" rating and a $70.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.72.
Apollo Global Management Company Profile
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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
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