Apollo Global Management, Inc. (NYSE:APO) CFO Sells $791,400.00 in Stock

Apollo Global Management, Inc. (NYSE:APO - Get Free Report) CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, December 3rd, Martin Kelly sold 5,000 shares of Apollo Global Management stock. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00.

Apollo Global Management Trading Up 0.2 %

Apollo Global Management stock traded up $0.31 during trading on Tuesday, hitting $162.66. The company had a trading volume of 849,312 shares, compared to its average volume of 3,208,249. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. 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 company's 50 day simple moving average is $167.45 and its 200-day simple moving average is $146.60. The stock has a market cap of $92.04 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.4625 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.14%. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Institutional Trading of Apollo Global Management

Institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC boosted its position in Apollo Global Management by 140.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,725 shares of the financial services provider's stock valued at $1,340,000 after buying an additional 6,259 shares during the period. Creative Planning boosted its position in Apollo Global Management by 5.9% in the 3rd quarter. Creative Planning now owns 41,784 shares of the financial services provider's stock valued at $5,219,000 after buying an additional 2,316 shares during the period. Swedbank AB boosted its position in Apollo Global Management by 50.9% in the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider's stock valued at $9,735,000 after buying an additional 26,300 shares during the period. nVerses Capital LLC purchased a new position in Apollo Global Management in the 3rd quarter valued at approximately $974,000. Finally, Bleakley Financial Group LLC boosted its position in Apollo Global Management by 2.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 19,482 shares of the financial services provider's stock valued at $2,434,000 after buying an additional 506 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APO. BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $165.74.

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.