Key Points
- Insider Whitney Chatterjee sold 7,339 Apollo shares at an average $117.83, worth about $864,754. The sale reduced their holdings by 5.38%, leaving 129,151 shares.
- Apollo’s latest reported quarter missed analyst expectations: EPS was $2.11 versus $2.16 expected, and revenue was $5.57 billion versus $5.65 billion expected.
- Apollo declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annually and a 1.9% yield. Analysts’ average rating is “Moderate Buy,” with an average price target of $145.68.
Apollo Global Management Inc. (NYSE:APO - Get Free Report) insider Whitney Chatterjee sold 7,339 shares of the firm's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total transaction of $864,754.37. Following the sale, the insider owned 129,151 shares of the company's stock, valued at approximately $15,217,862.33. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Apollo Global Management Price Performance
APO opened at $116.78 on Friday. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The company has a fifty day simple moving average of $120.79 and a 200 day simple moving average of $122.95. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market cap of $68.96 billion, a price-to-earnings ratio of -63.81, a PEG ratio of 1.10 and a beta of 1.51.
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 EPS for the quarter, missing analysts' consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Equities research analysts expect that Apollo Global Management Inc. will post 7.96 EPS for the current fiscal year.
Apollo Global Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management's dividend payout ratio (DPR) is -122.95%.
Apollo Global Management News Roundup
Here are the key news stories impacting Apollo Global Management this week:
- Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
- Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
- Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
- Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
- Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
- Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%
Wall Street Analyst Weigh In
Several research analysts have commented on APO shares. Morgan Stanley dropped their price objective on shares of Apollo Global Management from $150.00 to $149.00 and set an "overweight" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Apollo Global Management from $135.00 to $130.00 and set a "market perform" rating for the company in a report on Wednesday. HSBC assumed coverage on Apollo Global Management in a research note on Monday, July 20th. They set a "buy" rating and a $145.00 price target on the stock. UBS Group cut their target price on Apollo Global Management from $163.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Barclays cut their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and an average price target of $145.68.
Get Our Latest Report on Apollo Global Management
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider's stock worth $669,372,000 after purchasing an additional 234,517 shares during the last quarter. Legal & General Group Plc bought a new stake in Apollo Global Management during the 2nd quarter worth approximately $459,987,000. Bank of New York Mellon Corp purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $336,644,000. Temasek Holdings Private Ltd lifted its position in Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider's stock valued at $263,861,000 after purchasing an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC increased its holdings in Apollo Global Management by 91.8% in the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider's stock valued at $255,887,000 after acquiring an additional 1,055,818 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.
About Apollo Global Management
(
Get Free Report)
Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.
The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.
Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.
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