Insider Selling: Apollo Global Management LLC (APO) CFO Sells 15,000 Shares of Stock

Apollo Global Management LLC (NYSE:APO) CFO Martin Kelly sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $34.25, for a total value of $513,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Martin Kelly also recently made the following trade(s):

  • On Thursday, February 8th, Martin Kelly sold 5,000 shares of Apollo Global Management stock. The stock was sold at an average price of $32.68, for a total value of $163,400.00.

Shares of Apollo Global Management LLC (APO) opened at $32.33 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $6,199.09, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.03. Apollo Global Management LLC has a twelve month low of $21.39 and a twelve month high of $37.35.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.55. The firm had revenue of $869.50 million during the quarter, compared to analyst estimates of $599.38 million. Apollo Global Management had a return on equity of 66.33% and a net margin of 23.92%. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. sell-side analysts predict that Apollo Global Management LLC will post 3.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.66 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.39. This represents a $2.64 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Tuesday, February 20th. Apollo Global Management’s payout ratio is currently 50.16%.

A number of research analysts recently weighed in on the company. ValuEngine raised Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $43.00 price target on shares of Apollo Global Management in a research note on Thursday, February 1st. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup downgraded Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Friday, January 19th. Finally, Credit Suisse Group upped their price target on Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Apollo Global Management presently has a consensus rating of “Buy” and a consensus target price of $36.33.

Institutional investors and hedge funds have recently modified their holdings of the business. Stelac Advisory Services LLC bought a new stake in Apollo Global Management during the 3rd quarter worth approximately $117,000. Camarda Financial Advisors LLC bought a new stake in Apollo Global Management during the 4th quarter worth approximately $186,000. Waratah Capital Advisors Ltd. bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $203,000. First Midwest Bank Trust Division bought a new position in shares of Apollo Global Management in the third quarter valued at approximately $232,000. Finally, Wealthsource Partners LLC bought a new position in shares of Apollo Global Management in the third quarter valued at approximately $251,000. 71.76% of the stock is owned by hedge funds and other institutional investors.

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Apollo Global Management Company Profile

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

Insider Buying and Selling by Quarter for Apollo Global Management (NYSE:APO)

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