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

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

Analyst Upgrades and Downgrades

APO has been the topic of several research analyst reports. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Wolfe Research began coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Redburn Partners assumed coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.06.

Apollo Global Management Stock Performance

Shares of APO opened at $145.20 on Friday. The company has a market capitalization of $82.50 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Apollo Global Management has a 52-week low of $77.11 and a 52-week high of $146.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $120.00 and a 200 day moving average price of $116.62.

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

Apollo Global Management Cuts Dividend

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

Insider Transactions at Apollo Global Management

In related news, Director Pauline Richards bought 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently made changes to their positions in APO. Chicago Partners Investment Group LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $230,000. Centaurus Financial Inc. raised its position in Apollo Global Management by 21.6% during the 4th quarter. Centaurus Financial Inc. now owns 3,102 shares of the financial services provider’s stock worth $289,000 after buying an additional 551 shares during the last quarter. EP Wealth Advisors LLC raised its position in Apollo Global Management by 11.8% during the 4th quarter. EP Wealth Advisors LLC now owns 2,837 shares of the financial services provider’s stock worth $264,000 after buying an additional 300 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter worth $266,000. Finally, SageView Advisory Group LLC boosted its holdings in shares of Apollo Global Management by 9.7% in the fourth quarter. SageView Advisory Group LLC now owns 2,751 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.