Key Points
- CFO Martin Kelly sold 6,000 shares for $788,460 (avg. $131.41) on Dec. 1, reducing his stake by 1.81% to 325,604 shares valued at about $42.8 million.
- Dividend: Apollo paid a $0.51 quarterly dividend (annualized $2.04) for a yield of 1.5% and a payout ratio of ~29.8%.
- Analyst view: The stock carries a consensus rating of "Moderate Buy" with a consensus target price of $162.85 and a market cap around $78.1 billion.
Apollo Global Management Inc. (NYSE:APO - Get Free Report) CFO Martin Kelly sold 6,000 shares of the business's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares of the company's stock, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Apollo Global Management Stock Up 1.8%
Shares of NYSE APO opened at $134.51 on Thursday. The firm has a market cap of $78.07 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49. The firm's 50 day moving average price is $128.14 and its 200 day moving average price is $135.50.
Apollo Global Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Apollo Global Management's payout ratio is currently 29.82%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on APO shares. Piper Sandler reaffirmed an "overweight" rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 5th. BMO Capital Markets set a $136.00 price target on Apollo Global Management and gave the company a "market perform" rating in a report on Tuesday, November 25th. The Goldman Sachs Group reiterated a "buy" rating and set a $155.00 target price on shares of Apollo Global Management in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Apollo Global Management in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.85.
Read Our Latest Analysis on APO
Institutional Trading of Apollo Global Management
Hedge funds and other institutional investors have recently modified their holdings of the business. Delos Wealth Advisors LLC purchased a new position in Apollo Global Management in the second quarter valued at about $25,000. Atlantic Union Bankshares Corp boosted its stake in shares of Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider's stock valued at $27,000 after buying an additional 99 shares during the last quarter. Activest Wealth Management grew its position in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider's stock worth $28,000 after buying an additional 175 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Apollo Global Management in the third quarter worth $28,000. Finally, SJS Investment Consulting Inc. raised its holdings in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 191 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.
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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