Apollo Global Management Inc. (NYSE:APO) Declares Quarterly Dividend of $0.51

Apollo Global Management Inc. (NYSE:APO) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.51 per share by the financial services provider on Friday, November 28th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, November 17th.

Apollo Global Management has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Apollo Global Management has a dividend payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Apollo Global Management to earn $9.45 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 21.6%.

Apollo Global Management Stock Up 5.2%

NYSE:APO traded up $6.45 on Tuesday, hitting $130.40. 6,630,962 shares of the company’s stock were exchanged, compared to its average volume of 3,610,131. Apollo Global Management has a 52 week low of $102.58 and a 52 week high of $189.49. The company has a market cap of $74.59 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a 50-day moving average price of $131.30 and a 200-day moving average price of $136.18.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The business had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. As a group, analysts expect that Apollo Global Management will post 8 EPS for the current fiscal year.

Insider Activity at Apollo Global Management

In other news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the transaction, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 935,000 shares of company stock worth $125,543,790. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Delos Wealth Advisors LLC bought a new position in shares of Apollo Global Management during the second quarter worth approximately $25,000. GW&K Investment Management LLC increased its position in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares during the period. Activest Wealth Management increased its position in Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after buying an additional 175 shares during the period. Atlantic Union Bankshares Corp increased its position in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after buying an additional 99 shares during the period. Finally, SJS Investment Consulting Inc. increased its position in Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after buying an additional 191 shares during the period. 77.06% of the stock is owned by institutional investors.

About Apollo Global Management

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.