Apollo Global Management, Inc. (NYSE:APO – Free Report) insider James C. Zelter sold 11,093 shares of Apollo Global Management stock in a transaction on Friday, June 30th. The stock was sold at an average price of $77.53, for a total transaction of $860,040.29. Following the sale, the insider now owns 5,779,169 shares in the company, valued at approximately $448,058,972.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Apollo Global Management Stock Performance
Shares of NYSE:APO opened at $76.04 on Thursday. Apollo Global Management, Inc. has a 1-year low of $45.62 and a 1-year high of $77.60. The stock has a market capitalization of $43.15 billion, a P/E ratio of -31.42, a P/E/G ratio of 0.82 and a beta of 1.68. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $68.87 and a two-hundred day moving average price of $66.93.
Apollo Global Management (NYSE:APO – Free Report) last released its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). Apollo Global Management had a negative net margin of 8.66% and a positive return on equity of 103.06%. The company had revenue of $742.00 million during the quarter, compared to the consensus estimate of $717.78 million. Equities analysts predict that Apollo Global Management, Inc. will post 6.09 earnings per share for the current year.
Apollo Global Management Increases Dividend
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Apollo Global Management from $74.00 to $79.00 in a research report on Monday, May 15th. Citigroup began coverage on Apollo Global Management in a research note on Thursday, May 18th. They issued a “buy” rating and a $80.00 price objective on the stock. TheStreet upgraded Apollo Global Management from a “c+” rating to a “b-” rating in a research report on Tuesday, June 20th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Bank of America reduced their target price on shares of Apollo Global Management from $78.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.25.
Institutional Trading of Apollo Global Management
Several hedge funds have recently bought and sold shares of APO. Parkside Financial Bank & Trust boosted its stake 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 worth $27,000 after purchasing an additional 431 shares during the period. MADDEN SECURITIES Corp acquired a new stake in Apollo Global Management in the 4th quarter valued at approximately $30,000. Sunbelt Securities Inc. bought a new stake in Apollo Global Management in the 1st quarter valued at approximately $30,000. Zions Bancorporation N.A. acquired a new position in Apollo Global Management during the 1st quarter worth approximately $30,000. Finally, Ronald Blue Trust Inc. grew its stake in shares of Apollo Global Management by 274.8% during the 1st quarter. Ronald Blue Trust Inc. now owns 491 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 360 shares in the last quarter. 59.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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