Stock Traders Purchase High Volume of Put Options on Apollo Global Management (NYSE:APO)

Apollo Global Management Inc. (NYSE:APO) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 19,202 put options on the stock. This is an increase of approximately 166% compared to the typical daily volume of 7,212 put options.

Insider Transactions at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds have recently modified their holdings of APO. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $29,000. MBM Wealth Consultants LLC bought a new stake in Apollo Global Management during the first quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. grew its holdings in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 213 shares during the period. Keating Financial Advisory Services Inc. acquired a new position in shares of Apollo Global Management in the 2nd quarter worth approximately $31,000. Finally, Osbon Capital Management LLC bought a new position in shares of Apollo Global Management in the fourth quarter valued at $36,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

NYSE APO traded down $4.17 during trading hours on Monday, hitting $136.59. 411,199 shares of the company’s stock traded hands, compared to its average volume of 4,573,328. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s 50-day moving average is $126.53 and its 200-day moving average is $122.69. Apollo Global Management has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a market capitalization of $80.66 billion, a PE ratio of 49.94, a PEG ratio of 1.26 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. Equities analysts forecast that Apollo Global Management will post 8.12 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is currently 82.42%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Apollo Global Management in a research report on Friday, August 7th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Apollo Global Management from a “sell” rating to a “strong sell” rating in a research report on Monday, August 10th. UBS Group increased their price target on shares of Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Barclays raised their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $152.77.

Apollo Global Management Company Profile

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.