Apollo Global Management Inc. (NYSE:APO) Shareholders to Collect $0.56 Quarterly Dividend

Apollo Global Management Inc. (NYSE:APO) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.5625 per share by the financial services provider on Monday, November 30th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, November 18th.

Apollo Global Management has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Apollo Global Management to earn $9.88 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 22.8%.

Apollo Global Management Trading Down 4.8%

Apollo Global Management stock opened at $113.76 on Wednesday. Apollo Global Management has a one year low of $99.56 and a one year high of $153.29. The business’s fifty day moving average is $121.66 and its 200 day moving average is $123.30. The stock has a market capitalization of $67.18 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the previous year, the company earned $1.92 earnings per share. On average, sell-side analysts predict that Apollo Global Management will post 7.96 EPS for the current year.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.30% of the company’s stock.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently made changes to their positions in APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after purchasing an additional 234,517 shares during the last quarter. Legal & General Group Plc purchased a new stake in Apollo Global Management during the 2nd quarter worth approximately $459,987,000. Bank of New York Mellon Corp raised its position in Apollo Global Management by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock valued at $323,242,000 after purchasing an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after buying an additional 1,614,813 shares during the last quarter. Finally, Curated Wealth Partners LLC lifted its position in shares of Apollo Global Management by 91.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after buying an additional 1,055,818 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

About Apollo Global Management

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.