Apollo Global Management Inc. (NYSE:APO - Get Free Report) CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Apollo Global Management Price Performance
Shares of NYSE APO opened at $134.91 on Tuesday. The firm has a market cap of $79.67 billion, a PE ratio of 49.42, a PEG ratio of 1.26 and a beta of 1.51. The firm has a fifty day moving average of $126.67 and a 200 day moving average of $122.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29.
Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The company had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous year, the business earned $1.92 earnings per share. As a group, research analysts predict that Apollo Global Management Inc. will post 8.12 EPS for the current fiscal year.
Apollo Global Management Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management's dividend payout ratio is 82.42%.
Hedge Funds Weigh In On Apollo Global Management
A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in Apollo Global Management during the second quarter worth $459,987,000. Bank of New York Mellon Corp acquired a new stake in shares of Apollo Global Management in the 2nd quarter worth $336,644,000. Boston Partners raised its holdings in shares of Apollo Global Management by 106.7% during the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider's stock worth $474,384,000 after acquiring an additional 1,692,532 shares during the period. Temasek Holdings Private Ltd boosted its position in shares of Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider's stock valued at $263,861,000 after acquiring an additional 1,614,813 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at about $172,290,000. Hedge funds and other institutional investors own 77.06% of the company's stock.
Wall Street Analysts Forecast Growth
APO has been the subject of several research reports. Wall Street Zen upgraded Apollo Global Management from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Weiss Ratings restated a "hold (c-)" rating on shares of Apollo Global Management in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price target on Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Morgan Stanley dropped their price target on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Finally, BMO Capital Markets reduced their price objective on Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating for the company in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus price target of $152.77.
View Our Latest Research Report on APO
Apollo Global Management Company Profile
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Get Free Report)
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.
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