Apollo Global Management Inc. (NYSE:APO – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Investors 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. Equities research 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 Stock Performance
Shares of APO stock traded down $5.70 during midday trading on Tuesday, hitting $113.76. The company had a trading volume of 6,250,679 shares, compared to its average volume of 4,229,109. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $67.18 billion, a price-to-earnings ratio of 41.67, a PEG ratio of 1.05 and a beta of 1.51. The company’s 50 day simple moving average is $122.04 and its 200 day simple moving average is $123.45. Apollo Global Management has a 52-week low of $99.56 and a 52-week high of $153.29.
Apollo Global Management (NYSE:APO – Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business posted $1.92 EPS. Research analysts anticipate that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have issued reports on APO shares. Wells Fargo & Company assumed coverage on Apollo Global Management in a research report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 target price on the stock. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a report on Monday, July 20th. HSBC initiated coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 target price for the company. Morgan Stanley lowered their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Finally, TD Cowen lowered their price target on shares of Apollo Global Management from $159.00 to $154.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.40.
Get Our Latest Research Report on Apollo Global Management
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.
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