Apollo Global Management Target of Unusually Large Options Trading (NYSE:APO)

Apollo Global Management, Inc. (NYSE:APO) saw some unusual options trading activity on Friday. Traders purchased 21,603 call options on the company. This represents an increase of approximately 48% compared to the typical volume of 14,556 call options.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $167.56 on Friday. The firm has a market capitalization of $94.81 billion, a P/E ratio of 17.51, a PEG ratio of 1.70 and a beta of 1.59. The business has a 50-day moving average of $143.02 and a 200-day moving average of $124.53. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 1 year low of $88.58 and a 1 year high of $169.58.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.11%. The ex-dividend date is Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Analyst Ratings Changes

APO has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Apollo Global Management from $138.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. The Goldman Sachs Group upped their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen raised their price objective on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley upped their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.05.

Hedge Funds Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at $35,000. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management in the third quarter valued at about $35,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 346 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Apollo Global Management during the third quarter worth about $80,000. Finally, Mather Group LLC. lifted its holdings in shares of Apollo Global Management by 826.9% during the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 645 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

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.