Apollo Global Management Inc. Announces Quarterly Dividend of $0.56 (NYSE:APO)

Apollo Global Management Inc. (NYSE:APO) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.5625 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th.

Apollo Global Management has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Apollo Global Management has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Apollo Global Management to earn $10.01 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 22.5%.

Apollo Global Management Stock Performance

Shares of APO opened at $133.03 on Wednesday. Apollo Global Management has a one year low of $99.56 and a one year high of $153.29. The company has a market cap of $76.70 billion, a PE ratio of 84.73, a P/E/G ratio of 1.13 and a beta of 1.51. The stock has a 50-day moving average of $125.42 and a 200-day moving average of $122.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.During the same quarter in the previous year, the company posted $1.92 EPS. On average, equities research analysts predict that Apollo Global Management will post 8.18 EPS for the current fiscal year.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This trade 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 available through this link. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth approximately $29,000. MBM Wealth Consultants LLC purchased a new position in shares of Apollo Global Management during the first quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. raised its position in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the period. Osbon Capital Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $36,000. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares during the period. 77.06% of the stock is owned by institutional investors.

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.