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

Apollo Global Management, Inc. (NYSE:APO) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 19,120,000 shares, a drop of 6.5% from the June 30th total of 20,450,000 shares. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is presently 8.0 days.

Apollo Global Management Stock Down 6.1 %

NYSE APO traded down $7.62 during trading on Thursday, hitting $117.69. The company’s stock had a trading volume of 4,731,495 shares, compared to its average volume of 2,386,371. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market cap of $66.87 billion, a PE ratio of 13.45, a P/E/G ratio of 1.01 and a beta of 1.59. The business’s 50 day simple moving average is $118.51 and its 200-day simple moving average is $112.38. Apollo Global Management has a fifty-two week low of $77.11 and a fifty-two week high of $126.45.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.21). The business had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. On average, equities analysts anticipate that Apollo Global Management will post 7.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC raised its stake in shares of Apollo Global Management by 2.8% in the fourth quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 94 shares during the last quarter. Zhang Financial LLC raised its stake in shares of Apollo Global Management by 0.6% in the first quarter. Zhang Financial LLC now owns 17,724 shares of the financial services provider’s stock worth $1,993,000 after purchasing an additional 97 shares during the last quarter. Orion Capital Management LLC raised its stake in shares of Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Apollo Global Management by 8.5% in the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 102 shares during the last quarter. Finally, Valley National Advisers Inc. raised its position in Apollo Global Management by 0.9% during the first quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group increased their price target on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Barclays dropped their price target on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. BMO Capital Markets increased their price target on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.29.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.