Apollo Global Management Inc. (NYSE:APO – Get Free Report) was the recipient of some unusual options trading on Monday. Traders bought 19,202 put options on the stock. This represents an increase of 166% compared to the average daily volume of 7,212 put options.
Apollo Global Management Stock Performance
Apollo Global Management stock opened at $134.91 on Tuesday. The firm has a market cap of $79.67 billion, a P/E ratio of 49.42, a P/E/G ratio of 1.26 and a beta of 1.51. The firm has a 50-day moving average of $126.67 and a 200-day moving average of $122.71. Apollo Global Management has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.
Apollo Global Management (NYSE:APO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the company posted $1.92 earnings per share. Sell-side analysts expect that Apollo Global Management will post 8.12 EPS for the current year.
Apollo Global Management Dividend Announcement
Insider Activity at Apollo Global Management
In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at $29,000. MBM Wealth Consultants LLC bought a new position in shares of Apollo Global Management during the first quarter worth $29,000. Steigerwald Gordon & Koch Inc. grew its position in shares of Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter worth about $31,000. Finally, Osbon Capital Management LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at approximately $36,000. Institutional investors own 77.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. UBS Group increased 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. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. HSBC assumed coverage on shares of Apollo Global Management in a report on Monday, July 20th. They set a “buy” rating and a $145.00 price objective for the company. Morgan Stanley cut their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $152.77.
Read Our Latest Stock Report on APO
Apollo Global Management Company Profile
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
- Five stocks we like better than Apollo Global Management
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
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.
