Martin Kelly Sells 9,800 Shares of Apollo Global Management LLC (APO) Stock

Apollo Global Management LLC (NYSE:APO) CFO Martin Kelly sold 9,800 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $29.66, for a total transaction of $290,668.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of APO stock traded down $0.06 during trading hours on Wednesday, hitting $30.14. The company’s stock had a trading volume of 502,399 shares, compared to its average volume of 863,493. The firm has a market capitalization of $6.08 billion, a PE ratio of -143.52, a P/E/G ratio of 1.08 and a beta of 1.42. Apollo Global Management LLC has a twelve month low of $22.63 and a twelve month high of $36.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.05 and a quick ratio of 1.05.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, January 31st. The financial services provider reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.29). The business had revenue of ($114.89) million during the quarter. Apollo Global Management had a net margin of 19.45% and a return on equity of 16.41%. As a group, sell-side analysts anticipate that Apollo Global Management LLC will post 2.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st will be paid a $0.56 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 7.43%. Apollo Global Management’s dividend payout ratio is currently -876.19%.

Several institutional investors and hedge funds have recently bought and sold shares of APO. FMR LLC grew its holdings in shares of Apollo Global Management by 39.2% in the 2nd quarter. FMR LLC now owns 11,247,406 shares of the financial services provider’s stock worth $358,455,000 after purchasing an additional 3,164,974 shares during the last quarter. Capital International Investors bought a new stake in shares of Apollo Global Management in the 3rd quarter worth about $71,968,000. HMI Capital LLC grew its holdings in shares of Apollo Global Management by 45.9% in the 4th quarter. HMI Capital LLC now owns 6,424,654 shares of the financial services provider’s stock worth $157,661,000 after purchasing an additional 2,021,679 shares during the last quarter. Beck Mack & Oliver LLC grew its holdings in shares of Apollo Global Management by 19.4% in the 3rd quarter. Beck Mack & Oliver LLC now owns 3,794,769 shares of the financial services provider’s stock worth $131,109,000 after purchasing an additional 617,566 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Apollo Global Management by 13.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,834,261 shares of the financial services provider’s stock worth $118,632,000 after purchasing an additional 558,371 shares during the last quarter. 74.21% of the stock is currently owned by institutional investors and hedge funds.

APO has been the subject of several recent research reports. Oppenheimer set a $43.00 target price on shares of Apollo Global Management and gave the stock a “buy” rating in a research note on Tuesday, October 16th. ValuEngine downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Citigroup decreased their target price on shares of Apollo Global Management from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Morgan Stanley downgraded shares of Apollo Global Management from an “overweight” rating to an “equal weight” rating and set a $34.00 target price for the company. in a research note on Wednesday, November 14th. Finally, Zacks Investment Research downgraded shares of Apollo Global Management from a “hold” rating to a “strong sell” rating in a research note on Monday, December 17th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $37.00.

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About Apollo Global Management

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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