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

Apollo Global Management, Inc. (NYSE:APOGet Free Report) was the target of some unusual options trading on Friday. Stock traders purchased 32,807 call options on the stock. This is an increase of 103% compared to the average volume of 16,148 call options.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA purchased a new stake in Apollo Global Management in the 2nd quarter worth about $62,972,000. Marshall Wace LLP increased its position in shares of Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after acquiring an additional 408,105 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Apollo Global Management by 27.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after acquiring an additional 383,557 shares during the period. International Assets Investment Management LLC increased its position in shares of Apollo Global Management by 12,086.7% during the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock worth $462,460,000 after acquiring an additional 367,195 shares during the period. Finally, Holocene Advisors LP increased its position in shares of Apollo Global Management by 530.9% during the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock worth $50,242,000 after acquiring an additional 338,472 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the subject of several analyst reports. Morgan Stanley upped their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. TD Cowen upped their price objective on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.32.

Get Our Latest Stock Report on APO

Apollo Global Management Stock Up 0.5 %

Shares of NYSE:APO opened at $166.81 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a 50-day moving average price of $169.18 and a 200 day moving average price of $139.82. The company has a market cap of $94.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

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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