Apollo Global Management Sees Unusually High Options Volume (APO)

Apollo Global Management LLC (NYSE:APO) saw unusually large options trading activity on Thursday. Stock investors acquired 8,080 call options on the company. This is an increase of 1,724% compared to the typical daily volume of 443 call options.

APO has been the subject of several recent research reports. Argus lowered their price target on shares of Apollo Global Management from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, February 5th. Zacks Investment Research upgraded shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 5th. TheStreet lowered shares of Apollo Global Management from a “b” rating to a “c” rating in a research report on Monday, February 4th. Finally, ValuEngine upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.50.

APO traded up $0.33 on Friday, reaching $32.79. The company had a trading volume of 711,864 shares, compared to its average volume of 1,272,694. The firm has a market capitalization of $6.58 billion, a PE ratio of -156.14, a P/E/G ratio of 1.32 and a beta of 1.47. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 1.07. Apollo Global Management has a one year low of $22.63 and a one year high of $36.49.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.11). Apollo Global Management had a net margin of 19.45% and a return on equity of 30.53%. The company had revenue of $677.78 million during the quarter, compared to the consensus estimate of $695.30 million. During the same quarter in the prior year, the company earned ($0.30) EPS. The business’s quarterly revenue was up 306.1% on a year-over-year basis. On average, equities analysts expect that Apollo Global Management will post 2.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.46 per share. The ex-dividend date is Monday, May 20th. This represents a $1.84 annualized dividend and a dividend yield of 5.61%. Apollo Global Management’s dividend payout ratio (DPR) is -1,066.67%.

In other news, CFO Martin Kelly sold 9,800 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $29.66, for a total transaction of $290,668.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A B. Krongard purchased 1,790 shares of the stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $32.41 per share, with a total value of $58,013.90. The disclosure for this purchase can be found here. 4.11% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of APO. BlackRock Inc. bought a new position in shares of Apollo Global Management during the 3rd quarter valued at about $1,551,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Apollo Global Management during the third quarter valued at approximately $241,000. Putnam Investments LLC acquired a new position in Apollo Global Management during the third quarter valued at approximately $8,247,000. Koshinski Asset Management Inc. grew its holdings in Apollo Global Management by 78.0% during the third quarter. Koshinski Asset Management Inc. now owns 22,369 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 9,804 shares during the last quarter. Finally, B. Riley Wealth Management Inc. acquired a new position in Apollo Global Management during the third quarter valued at approximately $220,000. Institutional investors own 72.65% of the company’s stock.

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Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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