Apollo Global Management LLC (NYSE:apo) declared a quarterly dividend on Monday, October 31st. Investors of record on Monday, November 21st will be given a dividend of 0.35 per share on Wednesday, November 30th. This represents a $1.40 annualized dividend and a yield of 7.26%. The ex-dividend date is Thursday, November 17th.

Shares of Apollo Global Management (NYSE:APO) opened at 19.28 on Wednesday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 15.33 and a beta of 1.77. The firm has a 50-day moving average of $18.19 and a 200 day moving average of $17.27. Apollo Global Management has a 12 month low of $12.35 and a 12 month high of $19.47.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.12. The company earned $660.45 million during the quarter, compared to the consensus estimate of $429 million. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 160.6% compared to the same quarter last year. On average, analysts expect that Apollo Global Management will post $1.78 earnings per share for the current year.

Dividend History for Apollo Global Management (NYSE:apo)

Several research analysts recently issued reports on the stock. Credit Suisse Group AG reiterated a “hold” rating and issued a $22.00 price target on shares of Apollo Global Management in a research note on Monday, November 7th. TheStreet upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. JMP Securities increased their price target on shares of Apollo Global Management from $26.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 4th. Vetr upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating and set a $20.72 price target for the company in a research note on Thursday, October 13th. Finally, Zacks Investment Research lowered shares of Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $20.51.

Several hedge funds have recently made changes to their positions in the stock. Credit Suisse AG increased its position in Apollo Global Management by 3.6% in the third quarter. Credit Suisse AG now owns 1,217,671 shares of the company’s stock worth $21,869,000 after buying an additional 42,606 shares during the last quarter. Cetera Advisor Networks LLC acquired a new position in Apollo Global Management during the third quarter worth about $203,000. Two Sigma Advisers LP acquired a new position in Apollo Global Management during the third quarter worth about $790,000. National Asset Management Inc. increased its position in Apollo Global Management by 36.8% in the second quarter. National Asset Management Inc. now owns 17,938 shares of the company’s stock worth $272,000 after buying an additional 4,828 shares during the last quarter. Finally, Veritable L.P. acquired a new position in Apollo Global Management during the second quarter worth about $172,000.

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 operates through three segments: Private equity, Credit and Real estate.

5 Day Chart for NYSE:APO

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