Investors Buy High Volume of Apollo Global Management Put Options (NYSE:APO)

Apollo Global Management Inc. (NYSE:APO) saw unusually large options trading activity on Monday. Traders purchased 15,843 put options on the stock. This represents an increase of approximately 40% compared to the average volume of 11,288 put options.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Barclays decreased their price objective on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.47.

Apollo Global Management Price Performance

Shares of APO traded down $0.52 on Monday, hitting $103.92. The company’s stock had a trading volume of 3,482,265 shares, compared to its average volume of 5,093,894. The company has a market capitalization of $60.09 billion, a PE ratio of 18.84, a PEG ratio of 0.84 and a beta of 1.61. Apollo Global Management has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The company has a 50 day moving average price of $127.29 and a 200 day moving average price of $131.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.During the same period last year, the company earned $2.39 EPS. The company’s revenue was up .8% compared to the same quarter last year. On average, research analysts anticipate that Apollo Global Management will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, February 19th. Apollo Global Management’s dividend payout ratio is presently 36.96%.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently modified their holdings of APO. Delos Wealth Advisors LLC bought a new position in Apollo Global Management in the second quarter valued at about $25,000. Atlantic Union Bankshares Corp raised its holdings in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Apollo Global Management during the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its stake in shares of Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

About Apollo Global Management

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.