Apollo Global Management Inc. (NYSE:APO – Get Free Report) insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the completion of the sale, the insider owned 129,151 shares in the company, valued at approximately $15,217,862.33. This trade represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Apollo Global Management Stock Down 0.4%
APO stock opened at $116.78 on Friday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.41 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $120.79 and a 200-day simple moving average of $122.95. The stock has a market capitalization of $68.96 billion, a P/E ratio of -63.81, a P/E/G ratio of 1.09 and a beta of 1.51.
Apollo Global Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, November 18th. Apollo Global Management’s payout ratio is -122.95%.
Key Headlines Impacting Apollo Global Management
Here are the key news stories impacting Apollo Global Management this week:
- Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
- Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
- Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
- Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
- Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
- Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%
Institutional Investors Weigh In On Apollo Global Management
Large investors have recently made changes to their positions in the stock. Diversified Trust Co grew its holdings in Apollo Global Management by 55.7% in the 3rd quarter. Diversified Trust Co now owns 79,127 shares of the financial services provider’s stock valued at $9,116,000 after buying an additional 28,301 shares in the last quarter. Aberdeen Group plc raised its holdings in shares of Apollo Global Management by 45.1% during the 3rd quarter. Aberdeen Group plc now owns 543,858 shares of the financial services provider’s stock worth $63,120,000 after acquiring an additional 168,950 shares during the period. Carson Advisory Inc. boosted its position in shares of Apollo Global Management by 151.5% during the 3rd quarter. Carson Advisory Inc. now owns 11,249 shares of the financial services provider’s stock valued at $1,306,000 after acquiring an additional 6,776 shares during the last quarter. ProVise Management Group LLC boosted its position in shares of Apollo Global Management by 557.1% during the 3rd quarter. ProVise Management Group LLC now owns 20,699 shares of the financial services provider’s stock valued at $2,402,000 after acquiring an additional 17,549 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Apollo Global Management by 170.5% in the third quarter. Moors & Cabot Inc. now owns 31,652 shares of the financial services provider’s stock valued at $3,674,000 after purchasing an additional 19,952 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
APO has been the topic of a number of research analyst reports. UBS Group lowered their price target on Apollo Global Management from $163.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America reduced their price objective on Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Barclays decreased their price objective on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday. Jefferies Financial Group lowered their target price on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Finally, Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $145.68.
Apollo Global Management Company Profile
Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.
The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.
Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.
Featured Articles
- Five stocks we like better than Apollo Global Management
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
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.
