Whitney Chatterjee Sells 4,500 Shares of Apollo Global Management Inc. (NYSE:APO) Stock

Key Points

• Whitney Chatterjee, an insider at Apollo Global Management, sold 4,500 shares at an average price of $146.03, resulting in a 5.13% decrease in her ownership, now totaling 83,192 shares valued at approximately $12.15 million.
• Apollo Global Management's stock has declined by 3.1%, trading at $141.37, with a market capitalization of $80.79 billion and a PE ratio of 26.42.
• The company declared a $0.51 quarterly dividend to be paid on August 29, translating to an annualized dividend of $2.04 and a yield of 1.4%.

Apollo Global Management Inc. (NYSE:APO - Get Free Report) insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the sale, the insider owned 83,192 shares in the company, valued at $12,148,527.76. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apollo Global Management Stock Down 3.1%

NYSE APO traded down $4.50 during trading hours on Thursday, reaching $141.37. 5,253,708 shares of the company traded hands, compared to its average volume of 2,846,645. The company has a current ratio of 1.27, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $80.79 billion, a PE ratio of 26.42, a PEG ratio of 1.64 and a beta of 1.62. Apollo Global Management Inc. has a 12 month low of $102.14 and a 12 month high of $189.49. The company has a 50 day moving average of $141.59 and a two-hundred day moving average of $141.78.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.08. The business had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a return on equity of 13.23% and a net margin of 13.25%. During the same period in the prior year, the company posted $1.64 EPS. As a group, equities analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.4%. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Apollo Global Management by 2.0% in the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock valued at $6,303,186,000 after acquiring an additional 893,428 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Apollo Global Management by 36.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after purchasing an additional 1,739,807 shares during the period. Northern Trust Corp lifted its holdings in shares of Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after buying an additional 1,460,689 shares during the period. Goldman Sachs Group Inc. boosted its stake in Apollo Global Management by 24.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock valued at $490,482,000 after buying an additional 706,181 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Apollo Global Management by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider's stock worth $412,641,000 after acquiring an additional 112,736 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APO has been the subject of several research analyst reports. Citigroup upped their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. UBS Group cut their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Raymond James Financial assumed coverage on Apollo Global Management in a research report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target for the company. Wells Fargo & Company upped their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Morgan Stanley reduced their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $161.26.

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.

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