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

Apollo Global Management, Inc. (NYSE:APO) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 30,420,000 shares, an increase of 11.8% from the November 30th total of 27,220,000 shares. Based on an average daily volume of 5,290,000 shares, the days-to-cover ratio is currently 5.8 days.

Analyst Ratings Changes

Several research analysts recently issued reports on APO shares. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $164.00 to $197.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Citigroup increased their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Barclays boosted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.63.

Apollo Global Management Stock Down 0.8 %

NYSE:APO traded down $1.35 on Wednesday, hitting $165.16. The stock had a trading volume of 2,816,990 shares, compared to its average volume of 3,251,495. Apollo Global Management has a 1 year low of $89.76 and a 1 year high of $189.49. The firm’s fifty day simple moving average is $165.30 and its two-hundred day simple moving average is $135.84. The stock has a market cap of $93.45 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Insider Activity

In other news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of APO. Wilmington Savings Fund Society FSB purchased a new position in shares of Apollo Global Management in the 3rd quarter worth about $503,000. Sfmg LLC boosted its stake in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares during the last quarter. World Investment Advisors LLC grew its position in shares of Apollo Global Management by 1.8% during the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 119 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Apollo Global Management by 11.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider’s stock worth $13,783,000 after purchasing an additional 11,370 shares during the last quarter. Finally, Unigestion Holding SA bought a new stake in shares of Apollo Global Management in the 3rd quarter worth approximately $609,000. Institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

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.