Stock Traders Buy Large Volume of Apollo Global Management Call Options (APO)
Apollo Global Management LLC (NYSE:APO) saw some unusual options trading activity on Tuesday. Traders bought 16,162 call options on the company. This is an increase of 2,327% compared to the typical daily volume of 666 call options.
Apollo Global Management (NYSE APO) opened at $35.89 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 1.74. Apollo Global Management has a 1 year low of $20.38 and a 1 year high of $36.38. The stock has a market cap of $6,950.00, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.16 and a beta of 1.22.
Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.51. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The company had revenue of $645.20 million for the quarter, compared to the consensus estimate of $467.72 million. During the same quarter in the previous year, the company earned $0.58 EPS. Apollo Global Management’s quarterly revenue was up 31.1% compared to the same quarter last year. research analysts expect that Apollo Global Management will post 2.96 earnings per share for the current fiscal year.
APO has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Citigroup boosted their target price on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 target price on shares of Apollo Global Management in a research report on Thursday, October 12th. ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $30.00 target price (up previously from $28.00) on shares of Apollo Global Management in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $34.46.
In other news, major shareholder Tiger Global Management Llc acquired 43,714 shares of Apollo Global Management stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $29.18 per share, with a total value of $1,275,574.52. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.11% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stelac Advisory Services LLC acquired a new position in Apollo Global Management during the third quarter worth $117,000. First Midwest Bank Trust Division acquired a new position in Apollo Global Management during the third quarter worth $232,000. Bank of New York Mellon Corp acquired a new position in Apollo Global Management during the second quarter worth $240,000. Wealthsource Partners LLC acquired a new position in Apollo Global Management during the third quarter worth $251,000. Finally, Meridian Wealth Management LLC acquired a new position in Apollo Global Management during the third quarter worth $277,000. Hedge funds and other institutional investors own 72.43% of the company’s stock.
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About Apollo Global Management
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.
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