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

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

Apollo Global Management Stock Performance

APO opened at $136.68 on Friday. The stock has a 50-day moving average of $128.16 and a 200-day moving average of $135.51. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $79.33 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.61.

Apollo Global Management Dividend Announcement

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

Institutional Trading of Apollo Global Management

Hedge funds have recently modified their holdings of the company. Fortress Financial Solutions LLC raised its stake in shares of Apollo Global Management by 1.6% in the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 74 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Apollo Global Management by 44.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Apollo Global Management by 14.4% during the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 78 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of Apollo Global Management by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock valued at $740,000 after acquiring an additional 78 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 82 shares during the period. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Apollo Global Management in a research report on Monday, November 24th. Barclays lifted their price objective on Apollo Global Management from $158.00 to $159.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.85.

Apollo Global Management Company Profile

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.