Apollo Global Management (NYSE:APO) Insider Sells $6,355,825.04 in Stock

Apollo Global Management Inc. (NYSE:APOGet Free Report) insider John Zito sold 48,644 shares of Apollo Global Management stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the sale, the insider owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Apollo Global Management Stock Down 2.1%

NYSE APO traded down $2.72 during mid-day trading on Thursday, hitting $127.55. The company’s stock had a trading volume of 3,215,778 shares, compared to its average volume of 4,746,708. The company’s 50 day simple moving average is $120.42 and its 200 day simple moving average is $127.96. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $157.28. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $73.54 billion, a price-to-earnings ratio of 81.24, a PEG ratio of 1.12 and a beta of 1.52.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. Analysts anticipate that Apollo Global Management Inc. will post 8.29 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.5625 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is presently 143.31%.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors have recently modified their holdings of the business. Chesapeake Asset Management LLC raised its stake in shares of Apollo Global Management by 3.6% in the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after buying an additional 72 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in shares of Apollo Global Management by 1.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 78 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Apollo Global Management by 0.8% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 80 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 82 shares during the period. Finally, United Advisor Group LLC boosted its holdings in Apollo Global Management by 4.7% during the 4th quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 87 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APO has been the topic of several analyst reports. Royal Bank Of Canada upped their price target on Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Piper Sandler increased their price objective on Apollo Global Management from $146.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday. Argus raised Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Finally, UBS Group upped their target price on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.23.

View Our Latest Stock Report on APO

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.

See Also

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.