Apollo Global Management, Inc. (NYSE:APO) Short Interest Update

Apollo Global Management, Inc. (NYSE:APO - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 27,320,000 shares, an increase of 24.6% from the October 15th total of 21,930,000 shares. Based on an average daily trading volume, of 2,910,000 shares, the days-to-cover ratio is currently 9.4 days.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a research note on Wednesday. Citigroup upped their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. TD Cowen boosted their price target on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Finally, Redburn Partners assumed coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 target price for the company. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $150.83.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the company. Chicago Capital LLC boosted its position in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after acquiring an additional 69 shares in the last quarter. Menard Financial Group LLC grew its stake in Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock worth $720,000 after purchasing an additional 71 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock worth $336,000 after purchasing an additional 77 shares in the last quarter. Cigna Investments Inc. New increased its stake in shares of Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock worth $645,000 after acquiring an additional 90 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after purchasing an additional 91 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 0.4 %

APO stock traded down $0.68 during midday trading on Friday, hitting $163.63. The company had a trading volume of 2,519,381 shares, compared to its average volume of 3,174,696. The stock has a market cap of $92.59 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.69 and a beta of 1.59. Apollo Global Management has a 52 week low of $85.84 and a 52 week high of $168.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average price is $137.45 and its 200 day moving average price is $122.61.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.463 per share. The ex-dividend date is Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.13%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is presently 19.33%.

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.