Investors Buy Large Volume of Call Options on Apollo Global Management (APO)

Apollo Global Management LLC (NYSE:APO) was the target of some unusual options trading activity on Tuesday. Stock traders purchased 16,162 call options on the stock. This represents an increase of approximately 2,327% compared to the average volume of 666 call options.

Shares of Apollo Global Management (NYSE APO) opened at $36.19 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The company has a market cap of $7,000.00, a PE ratio of 11.90, a PEG ratio of 1.08 and a beta of 1.22. Apollo Global Management has a 52-week low of $20.38 and a 52-week high of $36.39.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.56 by $0.51. The company had revenue of $645.20 million during the quarter, compared to the consensus estimate of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. research analysts anticipate that Apollo Global Management will post 2.97 EPS for the current year.

In other news, major shareholder Tiger Global Management Llc bought 43,714 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of $29.18 per share, for a total transaction of $1,275,574.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.11% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Tiger Global Management LLC increased its position in shares of Apollo Global Management by 40.9% during the second quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock worth $869,814,000 after acquiring an additional 9,550,313 shares in the last quarter. Capital World Investors increased its position in shares of Apollo Global Management by 16.5% during the second quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock worth $202,335,000 after acquiring an additional 1,082,313 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Apollo Global Management by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 5,394,866 shares of the financial services provider’s stock worth $163,950,000 after acquiring an additional 152,999 shares in the last quarter. GMT Capital Corp increased its position in shares of Apollo Global Management by 224.2% during the second quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock worth $112,421,000 after acquiring an additional 2,951,622 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Apollo Global Management by 6.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,389,884 shares of the financial services provider’s stock worth $71,936,000 after acquiring an additional 152,657 shares in the last quarter. 72.43% of the stock is owned by institutional investors.

APO has been the topic of several research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 price objective on shares of Apollo Global Management in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, October 10th. Citigroup upped their price objective on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Jefferies Group upped their price objective on shares of Apollo Global Management from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $39.00 price objective (up previously from $34.00) on shares of Apollo Global Management in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.46.

TRADEMARK VIOLATION NOTICE: “Investors Buy Large Volume of Call Options on Apollo Global Management (APO)” was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.thestockobserver.com/2018/01/14/investors-buy-large-volume-of-call-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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply