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

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) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:APO traded up $6.45 during trading hours on Tuesday, reaching $130.40. The company had a trading volume of 6,630,962 shares, compared to its average volume of 3,610,131. The stock has a 50-day moving average of $131.30 and a two-hundred day moving average of $136.18. Apollo Global Management has a one year low of $102.58 and a one year high of $189.49. The firm has a market capitalization of $74.59 billion, a PE ratio of 24.37, a PEG ratio of 1.42 and a beta of 1.68. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. 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 firm earned $1.64 EPS. Analysts forecast that Apollo Global Management will post 8 earnings per share for the current year.

Insider Buying and Selling at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider owned 83,192 shares in the company, valued at $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 935,000 shares of company stock worth $125,543,790. Insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in shares of Apollo Global Management by 449.2% in the first quarter. First Horizon Advisors Inc. now owns 1,340 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 1,096 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Apollo Global Management by 16.4% in the 1st quarter. D.A. Davidson & CO. now owns 11,740 shares of the financial services provider’s stock valued at $1,608,000 after acquiring an additional 1,658 shares in the last quarter. World Investment Advisors lifted its stake in Apollo Global Management by 1.3% in the 1st quarter. World Investment Advisors now owns 7,089 shares of the financial services provider’s stock valued at $971,000 after acquiring an additional 93 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Apollo Global Management by 6.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 533,722 shares of the financial services provider’s stock valued at $73,088,000 after acquiring an additional 33,934 shares in the last quarter. Finally, Capital Advisors Inc. OK lifted its stake in Apollo Global Management by 3.4% in the 1st quarter. Capital Advisors Inc. OK now owns 4,348 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

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.