Short Interest in Apollo Global Management, Inc. (NYSE:APO) Expands By 7.4%

Apollo Global Management, Inc. (NYSE:APO - Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 21,480,000 shares, an increase of 7.4% from the September 15th total of 20,000,000 shares. Based on an average daily trading volume, of 2,970,000 shares, the short-interest ratio is presently 7.2 days.

Apollo Global Management Stock Up 1.6 %

Shares of APO stock traded up $2.35 on Thursday, hitting $145.20. 2,548,016 shares of the stock were exchanged, compared to its average volume of 2,603,928. Apollo Global Management has a fifty-two week low of $77.11 and a fifty-two week high of $146.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $119.16 and a 200 day moving average of $116.42. The firm has a market capitalization of $82.50 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same period last year, the business earned $1.54 EPS. Equities analysts anticipate that Apollo Global Management will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management's dividend payout ratio is currently 20.49%.

Analysts Set New Price Targets

APO has been the subject of a number of analyst reports. UBS Group boosted their price target on Apollo Global Management from $116.00 to $123.00 and gave the stock a "neutral" rating in a report on Wednesday, July 10th. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Wolfe Research assumed coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an "outperform" rating and a $139.00 price target for the company. Finally, BMO Capital Markets raised their price objective on Apollo Global Management from $123.00 to $138.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.06.

Insiders Place Their Bets

In related news, Director Pauline Richards acquired 2,351 shares of Apollo Global Management stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $104.92 per share, with a total value of $246,666.92. Following the purchase, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Apollo Global Management

Several large investors have recently modified their holdings of APO. Capital Research Global Investors increased its holdings in shares of Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider's stock worth $532,852,000 after buying an additional 1,360,525 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Apollo Global Management by 3.0% during the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider's stock valued at $517,527,000 after purchasing an additional 126,859 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider's stock worth $318,522,000 after purchasing an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC raised its holdings in Apollo Global Management by 200.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider's stock valued at $278,945,000 after buying an additional 4,717,661 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Apollo Global Management by 8.4% during the 1st quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider's stock worth $214,129,000 after buying an additional 147,710 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

About Apollo Global Management

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.