Apollo Global Management, Inc. (NYSE:APO) Sees Large Increase in Short Interest

Apollo Global Management, Inc. (NYSE:APOGet Rating) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 15,930,000 shares, a growth of 21.9% from the March 31st total of 13,070,000 shares. Based on an average daily volume of 3,620,000 shares, the short-interest ratio is presently 4.4 days.

Apollo Global Management stock opened at $53.66 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 1 year low of $49.64 and a 1 year high of $81.07. The company has a market cap of $30.64 billion, a PE ratio of 7.22, a PEG ratio of 0.55 and a beta of 1.64. The company’s 50-day moving average is $59.56 and its two-hundred day moving average is $67.22.

Apollo Global Management (NYSE:APOGet Rating) last released its earnings results on Friday, February 11th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Apollo Global Management had a net margin of 30.89% and a return on equity of 17.30%. The business had revenue of $597.50 million for the quarter, compared to analyst estimates of $568.54 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Research analysts forecast that Apollo Global Management will post 5.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 28th. Shareholders of record on Friday, February 18th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, February 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.98%. Apollo Global Management’s payout ratio is presently 21.53%.

In other news, Director A B. Krongard bought 1,375 shares of Apollo Global Management stock in a transaction dated Wednesday, February 16th. The shares were bought at an average price of $67.23 per share, for a total transaction of $92,441.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.90% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Apollo Global Management by 10.4% during the 4th quarter. BlackRock Inc. now owns 18,304,215 shares of the financial services provider’s stock valued at $1,325,773,000 after purchasing an additional 1,725,787 shares during the period. Invesco Ltd. increased its stake in shares of Apollo Global Management by 1.6% in the 4th quarter. Invesco Ltd. now owns 7,080,218 shares of the financial services provider’s stock valued at $512,820,000 after acquiring an additional 109,087 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Apollo Global Management by 15.7% in the 4th quarter. EdgePoint Investment Group Inc. now owns 5,489,803 shares of the financial services provider’s stock valued at $400,975,000 after acquiring an additional 745,559 shares during the last quarter. Morgan Stanley increased its stake in shares of Apollo Global Management by 36.4% in the 3rd quarter. Morgan Stanley now owns 5,368,971 shares of the financial services provider’s stock valued at $330,675,000 after acquiring an additional 1,433,392 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Apollo Global Management by 16.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,956,014 shares of the financial services provider’s stock valued at $305,241,000 after acquiring an additional 704,373 shares during the last quarter. Institutional investors own 61.48% of the company’s stock.

Several equities research analysts have recently commented on APO shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Apollo Global Management from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, April 7th. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. Morgan Stanley reduced their price target on shares of Apollo Global Management from $88.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 20th. Bank of America upped their price target on shares of Apollo Global Management from $74.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 15th. Finally, Oppenheimer upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $82.39.

About Apollo Global Management (Get Rating)

Apollo Global Management, Inc is a private equity firm specializing investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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