Apollo Global Management Inc. (APO) To Go Ex-Dividend on August 19th

Apollo Global Management Inc. (NYSE:APO) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, August 19th will be given a dividend of 0.5625 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 19th.

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 annually for the last 3 consecutive years. Apollo Global Management has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Apollo Global Management to earn $10.03 per share next year, which means the company should continue to be able to cover its $2.25 annual dividend with an expected future payout ratio of 22.4%.

Apollo Global Management Trading Down 0.0%

Shares of APO stock opened at $140.69 on Monday. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $126.53 and its two-hundred day moving average is $122.69. The company has a market cap of $83.08 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter in the previous year, the firm posted $1.92 earnings per share. Equities analysts predict that Apollo Global Management will post 8.12 EPS for the current year.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth about $29,000. MBM Wealth Consultants LLC acquired a new position in shares of Apollo Global Management during the first quarter valued at $29,000. Steigerwald Gordon & Koch Inc. boosted its holdings in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new position in Apollo Global Management in the second quarter valued at about $31,000. Finally, Osbon Capital Management LLC acquired a new stake in Apollo Global Management in the fourth quarter worth about $36,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

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.