Insider Selling: Apollo Global Management (NYSE:APO) Insider Sells $864,754.37 in Stock

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

Apollo Global Management Stock Down 0.4%

Shares of APO stock traded down $0.49 during trading hours on Friday, hitting $116.78. 3,319,427 shares of the company were exchanged, compared to its average volume of 3,667,484. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The business’s 50-day simple moving average is $120.79 and its two-hundred day simple moving average is $122.95. The stock has a market capitalization of $68.96 billion, a price-to-earnings ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51.

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

Apollo Global Management Dividend Announcement

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

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%

Analysts Set New Price Targets

A number of brokerages have weighed in on APO. Jefferies Financial Group dropped their target price on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Apollo Global Management in a report on Wednesday. Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Morgan Stanley dropped their price objective on shares of Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Bank of America cut their target price on shares of Apollo Global Management from $163.00 to $161.00 in a report on Monday, October 5th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.68.

Hedge Funds Weigh In On Apollo Global Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aberdeen Group plc boosted its position in Apollo Global Management by 45.1% during the 3rd quarter. Aberdeen Group plc now owns 543,858 shares of the financial services provider’s stock worth $63,120,000 after acquiring an additional 168,950 shares during the last quarter. Carson Advisory Inc. grew its stake in shares of Apollo Global Management by 151.5% during the 3rd quarter. Carson Advisory Inc. now owns 11,249 shares of the financial services provider’s stock worth $1,306,000 after acquiring an additional 6,776 shares in the last quarter. ProVise Management Group LLC grew its stake in shares of Apollo Global Management by 557.1% during the 3rd quarter. ProVise Management Group LLC now owns 20,699 shares of the financial services provider’s stock worth $2,402,000 after acquiring an additional 17,549 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Apollo Global Management by 170.5% in the third quarter. Moors & Cabot Inc. now owns 31,652 shares of the financial services provider’s stock valued at $3,674,000 after purchasing an additional 19,952 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Apollo Global Management by 98.4% in the third quarter. William Blair Investment Management LLC now owns 16,601 shares of the financial services provider’s stock valued at $1,927,000 after purchasing an additional 8,234 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

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.