Short Interest in Apollo Global Management, Inc. (NYSE:APO) Increases By 20.7%

Apollo Global Management, Inc. (NYSE:APO - Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 36,720,000 shares, an increase of 20.7% from the December 15th total of 30,420,000 shares. Based on an average daily volume of 5,210,000 shares, the days-to-cover ratio is presently 7.0 days.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APO. Barclays increased their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. BMO Capital Markets increased their target price 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 cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Finally, Piper Sandler raised their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.32.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares of the company's stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 over the last 90 days. 8.50% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently bought and sold shares of APO. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $39,000. UMB Bank n.a. grew its holdings in shares of Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after buying an additional 228 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at $35,000. Versant Capital Management Inc grew its holdings in shares of Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock valued at $83,000 after buying an additional 336 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $97,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded up $0.89 during midday trading on Monday, reaching $166.81. The company had a trading volume of 3,580,328 shares, compared to its average volume of 7,727,088. 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 has a market capitalization of $94.38 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.63. The stock has a fifty day simple moving average of $169.18 and a 200 day simple moving average of $139.96. Apollo Global Management has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

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.