Apollo Global Management Sees Unusually Large Options Volume (NYSE:APO)

Apollo Global Management, Inc. (NYSE:APO) was the recipient of unusually large options trading activity on Thursday. Investors acquired 8,331 put options on the company. This is an increase of 7% compared to the typical volume of 7,790 put options.

Apollo Global Management Stock Down 2.3 %

APO stock opened at $109.47 on Friday. The firm has a market cap of $62.20 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.90 and a beta of 1.61. Apollo Global Management has a 1-year low of $57.50 and a 1-year high of $117.15. The firm has a fifty day moving average price of $111.15 and a two-hundred day moving average price of $99.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. Research analysts predict that Apollo Global Management will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 16th. Apollo Global Management’s dividend payout ratio is presently 20.45%.

Insider Buying and Selling

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 12,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the sale, the insider now owns 123,901 shares in the company, valued at approximately $13,765,401.10. The disclosure for this sale can be found here. In the last three months, insiders sold 1,426,000 shares of company stock valued at $158,226,960. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in Apollo Global Management by 55.3% in the third quarter. SG Americas Securities LLC now owns 9,587 shares of the financial services provider’s stock worth $861,000 after buying an additional 3,415 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Apollo Global Management by 21,540.9% during the third quarter. Exchange Traded Concepts LLC now owns 4,761 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 4,739 shares during the last quarter. SVB Wealth LLC increased its holdings in shares of Apollo Global Management by 3.1% in the 3rd quarter. SVB Wealth LLC now owns 5,647 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 171 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Apollo Global Management by 3.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 35,215 shares of the financial services provider’s stock valued at $3,161,000 after purchasing an additional 1,334 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Apollo Global Management by 174.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 186,586 shares of the financial services provider’s stock valued at $16,748,000 after purchasing an additional 118,587 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Barclays lowered their price objective on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday. Evercore ISI lifted their price objective on Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup increased their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.31.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in 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.