Short Interest in Apollo Global Management, Inc. (NYSE:APO) Grows By 7.4%

Apollo Global Management, Inc. (NYSE:APO) was the recipient of a large increase in short interest in 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 short-interest ratio is currently 7.2 days.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded up $3.04 on Thursday, reaching $145.89. 1,348,597 shares of the company traded hands, compared to its average volume of 2,597,961. The company has a 50 day moving average of $119.16 and a 200 day moving average of $116.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management has a 52 week low of $77.11 and a 52 week high of $146.82. The firm has a market capitalization of $82.89 billion, a PE ratio of 15.82, a PEG ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same period last year, the company posted $1.54 earnings per share. Equities analysts forecast that Apollo Global Management will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend 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 other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost 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 represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management in the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Apollo Global Management in the 3rd quarter valued at $35,000. J.Safra Asset Management Corp lifted its stake in Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares during the last quarter. Riverview Trust Co bought a new position in shares of Apollo Global Management during the first quarter valued at about $45,000. Finally, Compass Wealth Management LLC increased its holdings in shares of Apollo Global Management by 48.7% in the first quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock worth $50,000 after buying an additional 146 shares during the period. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Argus cut their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Barclays upped their price objective on shares of Apollo Global Management from $128.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Redburn Atlantic started coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.