Martin Kelly Sells 3,000 Shares of Apollo Global Management (NYSE:APO) Stock

Apollo Global Management Inc. (NYSE:APOGet Free Report) CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $133.91 on Wednesday. The company’s 50 day moving average price is $126.70 and its two-hundred day moving average price is $122.72. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The firm has a market cap of $79.08 billion, a PE ratio of 49.05, a PEG ratio of 1.26 and a beta of 1.51. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Equities research analysts predict that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Analysts Set New Price Targets

A number of brokerages recently commented on APO. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. UBS Group upped their price objective on shares of Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Barclays increased their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Morgan Stanley dropped their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Finally, Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Read Our Latest Report on APO

Institutional Trading of Apollo Global Management

Several large investors have recently bought and sold shares of APO. Beacon Pointe Advisors LLC bought a new position in Apollo Global Management in the second quarter valued at about $2,457,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Apollo Global Management in the second quarter worth about $335,000. Rakuten Investment Management Inc. acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $8,385,000. Orion Capital Management LLC acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $65,000. Finally, Comprehensive Money Management Services LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at approximately $247,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Company Profile

(Get Free Report)

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

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