On April 5, 2023 at 11:03:59 ET an unusually large
$438.75K block of Put contracts in Apollo Global Management
(APO) was bought,
with a strike price of $50.00 / share, expiring in 163 days (on September 15, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.32 sigmas above the mean, placing it in the 91.96 percentile of all recent large trades made in APO options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 24.81% Upside
As of March 30, 2023,
the average one-year price target for Apollo Global Management is $77.56.
The forecasts range from a low of $60.10 to a high of $92.40.
The average price target represents an increase of 24.81% from its latest reported closing price of $62.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Apollo Global Management
is $4,822MM, a decrease of 55.53%.
The projected annual non-GAAP EPS
is $6.91.
What is the Fund Sentiment?
There are 1166 funds or institutions reporting positions in Apollo Global Management.
This is an increase
of
85
owner(s) or 7.86% in the last quarter.
Average portfolio weight of all funds dedicated to APO is 0.60%,
an increase
of 9.53%.
Total shares owned by institutions decreased
in the last three months by 0.14% to 369,769K shares.
The put/call ratio of APO is 0.52, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Capital World Investors
holds 30,545K shares
representing 5.35% ownership of the company.
In it’s prior filing, the firm reported owning 30,555K shares, representing
a decrease
of 0.03%.
The firm
increased
its portfolio allocation in APO by 30.21% over the last quarter.
Capital International Investors
holds 13,567K shares
representing 2.38% ownership of the company.
In it’s prior filing, the firm reported owning 15,709K shares, representing
a decrease
of 15.79%.
The firm
increased
its portfolio allocation in APO by 9.03% over the last quarter.
ANCFX – AMERICAN FUNDS FUNDAMENTAL INVESTORS
holds 12,516K shares
representing 2.19% ownership of the company.
No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 10,437K shares
representing 1.83% ownership of the company.
In it’s prior filing, the firm reported owning 10,251K shares, representing
an increase
of 1.78%.
The firm
increased
its portfolio allocation in APO by 28.98% over the last quarter.
Clearbridge Investments
holds 8,697K shares
representing 1.52% ownership of the company.
In it’s prior filing, the firm reported owning 8,843K shares, representing
a decrease
of 1.68%.
The firm
increased
its portfolio allocation in APO by 32.14% over the last quarter.
Apollo Global Management Declares $0.40 Dividend
On February 9, 2023 the company declared a regular
quarterly dividend of $0.40 per share ($1.60 annualized).
Shareholders of record as of February 21, 2023
received the payment on February 28, 2023.
Previously, the company paid $0.40 per share.
At the current share price of $62.14 / share,
the stock’s dividend yield is 2.57%.
Looking back five years and taking a sample every week, the average dividend yield has been
4.62%,
the lowest has been 2.22%,
and the highest has been 9.87%.
The standard deviation of yields is 1.58 (n=237).
The current dividend yield is
1.30 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is -0.31.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.27%.
Apollo Global Management Background Information
(This description is provided by the company.)
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
