Insider Selling: Apollo Global Management (NYSE:APO) Insider Sells 7,339 Shares of Stock

Apollo Global Management Inc. (NYSE:APO) insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the completion of the sale, the insider directly owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. The trade was a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Apollo Global Management Stock Down 0.4%

Shares of NYSE:APO traded down $0.49 during midday trading on Friday, hitting $116.78. The stock had a trading volume of 3,319,427 shares, compared to its average volume of 3,667,484. The company has a market cap of $68.96 billion, a P/E ratio of -63.81, a PEG ratio of 1.10 and a beta of 1.51. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The business’s 50-day simple moving average is $120.79 and its 200-day simple moving average is $122.95. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same period last year, the company posted $1.92 earnings per share. On average, sell-side analysts forecast that Apollo Global Management Inc. will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is -122.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a report on Friday, October 2nd. HSBC began coverage on Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 price target on the stock. Evercore upped their price objective on Apollo Global Management from $145.00 to $146.00 in a research note on Thursday, October 8th. Finally, Morgan Stanley cut their price objective on Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Greenleaf Trust boosted its holdings in shares of Apollo Global Management by 2.6% during the third quarter. Greenleaf Trust now owns 4,144 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 105 shares during the period. International Assets Investment Management LLC increased its stake in shares of Apollo Global Management by 3.9% during the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 119 shares during the period. Chickasaw Capital Management LLC lifted its holdings in Apollo Global Management by 4.7% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 120 shares during the last quarter. Bfsg LLC lifted its holdings in Apollo Global Management by 58.4% during the 3rd quarter. Bfsg LLC now owns 331 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 122 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in Apollo Global Management by 2.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Trending Headlines about Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

About Apollo Global Management

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.