Apollo Global Management (NYSE:APO) CFO Martin Kelly Sells 6,000 Shares of Stock

Apollo Global Management Inc. (NYSE:APO) CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Apollo Global Management Trading Up 1.8%

Shares of Apollo Global Management stock opened at $134.51 on Thursday. The firm has a market cap of $78.07 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The company’s 50-day simple moving average is $128.14 and its 200-day simple moving average is $135.50. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio is 29.82%.

Hedge Funds Weigh In On Apollo Global Management

Several hedge funds have recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp lifted its stake in Apollo Global Management by 99.0% in 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 in the last quarter. Activest Wealth Management grew its holdings in Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Apollo Global Management during the 3rd quarter valued at $28,000. Finally, SJS Investment Consulting Inc. increased its position in Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after buying an additional 191 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Apollo Global Management in a research note on Monday, November 24th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Citigroup lowered their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Cowen reissued a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.85.

About Apollo Global Management

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.