Apollo Global Management, Inc. (NYSE:APO) Short Interest Up 11.8% in December

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

Apollo Global Management Stock Performance

NYSE APO traded down $1.35 during mid-day trading on Wednesday, reaching $165.16. 2,816,990 shares of the stock were exchanged, 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 company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50 day moving average is $165.73 and its 200-day moving average is $136.04. The company has a market capitalization of $93.45 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

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

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction on 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 owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 over the last 90 days. Insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors and hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management in the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management in the 3rd quarter valued at $35,000. Prospera Private Wealth LLC purchased a new stake in Apollo Global Management in the 3rd quarter worth $80,000. Truvestments Capital LLC acquired a new position in Apollo Global Management during the third quarter worth $83,000. Finally, Allworth Financial LP lifted its holdings in Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of several research analyst reports. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. TD Cowen upped their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Morgan Stanley lifted their price target on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group increased their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.63.

Apollo Global Management Company Profile

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.