Apollo Global Management, Inc. (NYSE:APO) Insider James C. Zelter Sells 87,500 Shares

Apollo Global Management, Inc. (NYSE:APO) insider James C. Zelter sold 87,500 shares of Apollo Global Management stock in a transaction on Friday, November 17th. The shares were sold at an average price of $86.16, for a total transaction of $7,539,000.00. Following the completion of the transaction, the insider now directly owns 5,094,585 shares in the company, valued at $438,949,443.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $88.32 on Tuesday. Apollo Global Management, Inc. has a one year low of $55.16 and a one year high of $93.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 0.74. The company’s fifty day moving average is $87.04 and its two-hundred day moving average is $80.15. The firm has a market capitalization of $50.12 billion, a P/E ratio of 18.67, a PEG ratio of 0.66 and a beta of 1.64.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.95%. Apollo Global Management’s dividend payout ratio is presently 36.36%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Apollo Global Management from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, August 4th. The Goldman Sachs Group boosted their price objective on shares of Apollo Global Management from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Jefferies Financial Group boosted their price objective on shares of Apollo Global Management from $97.00 to $100.00 in a research note on Tuesday, October 10th. Oppenheimer cut shares of Apollo Global Management from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price objective on shares of Apollo Global Management from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in Apollo Global Management by 7,183.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 431 shares in the last quarter. Hanseatic Management Services Inc. purchased a new position in Apollo Global Management in the 3rd quarter valued at about $39,000. Sunbelt Securities Inc. purchased a new position in Apollo Global Management in the 1st quarter valued at about $30,000. Zions Bancorporation N.A. purchased a new position in Apollo Global Management in the 1st quarter valued at about $30,000. Finally, Orion Capital Management LLC purchased a new position in Apollo Global Management in the 3rd quarter valued at about $45,000. 60.86% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.