Apollo Global Management Inc. (NYSE:APO) CFO Sells $2,249,205.00 in Stock

Apollo Global Management Inc. (NYSE:APO) CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apollo Global Management Stock Down 0.9%

NYSE APO opened at $139.41 on Friday. The business has a fifty day moving average price of $142.86 and a two-hundred day moving average price of $140.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The stock has a market capitalization of $79.75 billion, a PE ratio of 26.06, a PEG ratio of 1.47 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%. The firm had revenue of $6,550,000 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.64 earnings per share. Equities analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 18th. Apollo Global Management’s dividend payout ratio is presently 38.13%.

Analyst Ratings Changes

A number of brokerages have weighed in on APO. Barclays boosted their price target on Apollo Global Management from $156.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Citigroup boosted their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Piper Sandler lowered their price target on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Monday, May 5th. Finally, Evercore ISI upped their target price on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $161.26.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at $25,000. GW&K Investment Management LLC increased its holdings in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Activest Wealth Management increased its holdings in Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Rosenberg Matthew Hamilton increased its holdings in Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares during the period. Finally, Nemes Rush Group LLC acquired a new stake in Apollo Global Management in the second quarter valued at $30,000. 77.06% of the stock is currently owned by institutional investors.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.