Investors Buy High Volume of Call Options on Apollo Global Management (APO)
Apollo Global Management LLC (NYSE:APO) was the recipient of some unusual options trading on Thursday. Investors purchased 8,080 call options on the company. This represents an increase of approximately 1,724% compared to the typical daily volume of 443 call options.
Shares of APO opened at $31.65 on Friday. Apollo Global Management has a 52-week low of $22.63 and a 52-week high of $36.49. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of -150.71, a P/E/G ratio of 1.12 and a beta of 1.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.23 and a quick ratio of 1.23.
Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, January 31st. The financial services provider reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.29). Apollo Global Management had a return on equity of 17.25% and a net margin of 19.45%. The company had revenue of ($114.89) million during the quarter. On average, sell-side analysts forecast that Apollo Global Management will post 2.59 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Proffitt & Goodson Inc. acquired a new stake in shares of Apollo Global Management during the 1st quarter worth about $119,000. PM CAPITAL Ltd increased its position in shares of Apollo Global Management by 15.1% during the 1st quarter. PM CAPITAL Ltd now owns 1,411,922 shares of the financial services provider’s stock worth $39,886,000 after purchasing an additional 185,000 shares during the last quarter. LGT Capital Partners LTD. increased its position in shares of Apollo Global Management by 3.1% during the 1st quarter. LGT Capital Partners LTD. now owns 675,000 shares of the financial services provider’s stock worth $19,069,000 after purchasing an additional 20,000 shares during the last quarter. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Apollo Global Management during the 1st quarter worth about $206,000. Finally, Pin Oak Investment Advisors Inc. increased its position in shares of Apollo Global Management by 5,105.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 64,290 shares of the financial services provider’s stock worth $1,578,000 after purchasing an additional 63,055 shares during the last quarter. 72.25% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on APO. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 5th. Argus decreased their price objective on Apollo Global Management from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, February 5th. Finally, TheStreet lowered Apollo Global Management from a “b” rating to a “c” rating in a report on Monday, February 4th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.00.
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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