Apollo Global Management LLC (NYSE:APO) was the recipient of unusually large options trading activity on Monday. Investors bought 10,665 call options on the stock. This represents an increase of 1,857% compared to the average volume of 545 call options.
Apollo Global Management (NYSE APO) opened at $33.60 on Wednesday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.52. The company has a market cap of $6,500.00, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. Apollo Global Management has a one year low of $21.39 and a one year high of $37.35.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 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 analyst estimates of $599.38 million. Apollo Global Management had a net margin of 23.92% and a return on equity of 62.94%. Apollo Global Management’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. equities research analysts anticipate that Apollo Global Management will post 3.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st will be paid a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.39. This represents a $2.64 dividend on an annualized basis and a yield of 7.86%. Apollo Global Management’s payout ratio is currently 50.81%.
In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.68, for a total transaction of $163,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joshua Harris sold 4,500,000 shares of Apollo Global Management stock in a transaction on Monday, February 5th. The stock was sold at an average price of $34.00, for a total transaction of $153,000,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,645,000 shares of company stock worth $157,994,650 over the last quarter. 4.11% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. acquired a new position in Apollo Global Management in the fourth quarter valued at $2,482,000. Delek Group Ltd. acquired a new position in Apollo Global Management in the fourth quarter valued at $6,684,000. Slow Capital Inc. acquired a new position in Apollo Global Management in the fourth quarter valued at $1,820,000. Banco de Sabadell S.A acquired a new position in Apollo Global Management in the fourth quarter valued at $1,367,000. Finally, Bramshill Investments LLC acquired a new position in Apollo Global Management in the fourth quarter valued at $1,802,000. Institutional investors own 72.65% of the company’s stock.
Several brokerages recently commented on APO. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, February 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $43.00 price target on shares of Apollo Global Management in a research note on Thursday, February 1st. Credit Suisse Group lifted their price target on shares of Apollo Global Management from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Citigroup lifted their price target on shares of Apollo Global Management from $35.50 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Apollo Global Management presently has a consensus rating of “Buy” and a consensus target price of $36.33.
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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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