Apollo Global Management Announces Quarterly Dividend of $1.08 (APO)
Apollo Global Management (NYSE:APO) declared a quarterly dividend on Monday, February 10th, Analyst Ratings Net reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 1.08 per share on Wednesday, February 26th. This represents a $4.32 dividend on an annualized basis and a yield of 13.30%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.07.
A number of analysts have recently weighed in on APO shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Apollo Global Management in a research note on Monday. They now have a $31.00 price target on the stock, down previously from $32.00. On the ratings front, analysts at Citigroup Inc. upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, analysts at BMO Capital Markets cut their price target on shares of Apollo Global Management from $41.00 to $38.00 in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $33.25.
Shares of Apollo Global Management (NYSE:APO) traded down 0.86% on Tuesday, hitting $32.22. The stock had a trading volume of 1,046,557 shares. Apollo Global Management has a one year low of $20.86 and a one year high of $36.51. The stock’s 50-day moving average is $33.04 and its 200-day moving average is $30.33. The company has a P/E ratio of 8.06.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Friday, February 7th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.26. The company had revenue of $795.15 million for the quarter, compared to the consensus estimate of $656.79 million. During the same quarter last year, the company posted $1.12 earnings per share. Apollo Global Management’s revenue was down 31.4% compared to the same quarter last year. On average, analysts predict that Apollo Global Management will post $3.04 earnings per share for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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