Apollo Global Management, Inc. (NYSE:APO) Short Interest Update

Apollo Global Management, Inc. (NYSE:APO) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 21,480,000 shares, a growth of 7.4% from the September 15th total of 20,000,000 shares. Based on an average daily volume of 2,970,000 shares, the days-to-cover ratio is presently 7.2 days.

Insider Activity

In related news, Director Pauline Richards purchased 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the transaction, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after acquiring an additional 1,360,525 shares in the last quarter. Legal & General Group Plc raised its position in shares of Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after purchasing an additional 126,859 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Apollo Global Management by 3.8% during the 2nd quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after buying an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC grew its position in shares of Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after buying an additional 4,717,661 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Apollo Global Management by 8.4% in the first quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider’s stock worth $214,129,000 after buying an additional 147,710 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 1.6 %

Shares of NYSE APO opened at $145.20 on Friday. The stock has a fifty day moving average price of $120.00 and a 200 day moving average price of $116.62. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management has a 12-month low of $77.11 and a 12-month high of $146.82. The company has a market cap of $82.50 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter last year, the business posted $1.54 EPS. Research analysts anticipate that Apollo Global Management will post 6.66 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.27%. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, BMO Capital Markets boosted their target price on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.06.

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.