Apollo Global Management, Inc. (NYSE:APO) Insider James C. Zelter Sells 87,500 Shares

Apollo Global Management, Inc. (NYSE:APO) 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its position in Apollo Global Management by 23.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 674 shares of the financial services provider’s stock valued at $60,000 after buying an additional 128 shares during the period. Signaturefd LLC lifted its stake in Apollo Global Management by 1.9% during the 2nd quarter. Signaturefd LLC now owns 7,160 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 132 shares during the period. SVB Wealth LLC grew its holdings in shares of Apollo Global Management by 2.5% in the second quarter. SVB Wealth LLC now owns 5,476 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 136 shares during the period. MML Investors Services LLC increased its position in shares of Apollo Global Management by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 11,144 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 145 shares during the last quarter. Finally, Golden State Equity Partners increased its holdings in Apollo Global Management by 5.0% in the 3rd quarter. Golden State Equity Partners now owns 3,308 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 157 shares in the last quarter. 60.86% of the stock is owned by institutional investors.

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.