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

Apollo Global Management Inc. (NYSE:APO) announced a quarterly dividend on Monday, February 9th. Shareholders of record on Thursday, February 19th will be paid a dividend of 0.51 per share by the financial services provider on Friday, February 27th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 19th.

Apollo Global Management has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased 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. 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 Price Performance

Apollo Global Management stock opened at $133.77 on Tuesday. The company has a market cap of $77.64 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.20 and a beta of 1.57. The business’s 50 day simple moving average is $141.63 and its 200 day simple moving average is $136.35. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 12 month low of $102.58 and a 12 month high of $164.76.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.43. The company had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $1.19 billion. Apollo Global Management had a return on equity of 15.43% and a net margin of 15.63%.The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.39 EPS. Sell-side analysts forecast that Apollo Global Management will post 8 EPS for the current year.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Blair William & Co. IL raised its holdings in Apollo Global Management by 12.4% in the 2nd quarter. Blair William & Co. IL now owns 14,596 shares of the financial services provider’s stock worth $2,071,000 after purchasing an additional 1,607 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $1,059,000. Blue Trust Inc. grew its stake in Apollo Global Management by 15.7% in the second quarter. Blue Trust Inc. now owns 1,155 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 157 shares during the period. PDS Planning Inc boosted its holdings in shares of Apollo Global Management by 12.3% during the 2nd quarter. PDS Planning Inc now owns 2,154 shares of the financial services provider’s stock valued at $306,000 after buying an additional 236 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of Apollo Global Management in the 2nd quarter worth about $52,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.