Apollo Global Management, Inc. (NYSE:APO – Get Free Report) insider James C. Zelter sold 87,500 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $86.16, for a total value of $7,539,000.00. Following the sale, the insider now owns 5,094,585 shares of the company’s stock, valued at $438,949,443.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Apollo Global Management Stock Performance
NYSE APO opened at $88.32 on Tuesday. 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 has a fifty day moving average of $87.04 and a 200-day moving average of $80.15. Apollo Global Management, Inc. has a 52-week low of $55.16 and a 52-week high of $93.18. The company has a market capitalization of $50.12 billion, a P/E ratio of 18.67, a P/E/G ratio of 0.66 and a beta of 1.64.
Apollo Global Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, November 16th. Apollo Global Management’s dividend payout ratio is presently 36.36%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on APO. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Apollo Global Management from $100.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Citigroup boosted their price objective on shares of Apollo Global Management from $91.00 to $100.00 in a research note on Friday, August 4th. The Goldman Sachs Group raised their target price on Apollo Global Management from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Wells Fargo & Company raised their price objective on Apollo Global Management from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, BMO Capital Markets reduced their target price on Apollo Global Management from $103.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $95.82.
About Apollo Global Management
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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