Investors Purchase Large Volume of Apollo Global Management Call Options (NYSE:APO)

Apollo Global Management, Inc. (NYSE:APOGet Free Report) was the recipient of some unusual options trading activity on Friday. Traders acquired 16,372 call options on the stock. This represents an increase of approximately 39% compared to the typical daily volume of 11,745 call options.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on APO shares. Wolfe Research started coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. Redburn Partners assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, UBS Group lifted their price objective on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $138.06.

Check Out Our Latest Research Report on APO

Insider Activity

In other news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the purchase, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently modified their holdings of APO. Vanguard Group Inc. grew its holdings in Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after purchasing an additional 750,781 shares during the period. Capital Research Global Investors grew its stake in shares of Apollo Global Management by 40.3% in the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares during the last quarter. Legal & General Group Plc increased its position in Apollo Global Management by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after buying an additional 126,859 shares in the last quarter. TD Asset Management Inc raised its stake in Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after buying an additional 97,797 shares during the last quarter. Finally, Curated Wealth Partners LLC boosted its holdings in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after acquiring an additional 4,717,661 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $140.24 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $140.35. The company’s 50-day moving average is $116.77 and its 200 day moving average is $115.80. The stock has a market capitalization of $79.68 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same period in the prior year, the company posted $1.54 EPS. On average, sell-side analysts expect that Apollo Global Management will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Apollo Global Management Company Profile

(Get Free Report)

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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