Apollo Global Management (NYSE:APO) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Apollo Global Management, Inc. (NYSE:APO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $135.14 and traded as high as $168.87. Apollo Global Management shares last traded at $166.51, with a volume of 2,597,676 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on APO. Citigroup increased their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley increased their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. BMO Capital Markets increased their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Wolfe Research began coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.63.

Apollo Global Management Stock Down 2.2 %

The company has a market capitalization of $94.21 billion, a P/E ratio of 17.40, a PEG ratio of 1.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50 day moving average price of $164.44 and a 200 day moving average price of $135.14.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The stock was 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 of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last ninety days. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Several large investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management during the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. purchased a new position in Apollo Global Management during the 2nd quarter valued at about $35,000. Prospera Private Wealth LLC purchased a new position in Apollo Global Management during the 3rd quarter valued at about $80,000. Truvestments Capital LLC purchased a new position in Apollo Global Management during the 3rd quarter valued at about $83,000. Finally, Allworth Financial LP grew its holdings in Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.