Apollo Global Management (APO) Projected to Post Quarterly Earnings on Tuesday

Apollo Global Management (NYSE:APO - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.92 per share and revenue of $949.44 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Apollo Global Management Price Performance

APO stock traded up $2.20 during trading on Tuesday, hitting $169.46. 3,671,610 shares of the stock traded hands, compared to its average volume of 3,482,667. The stock has a market cap of $95.88 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.36 and a beta of 1.63. Apollo Global Management has a one year low of $95.11 and a one year high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50 day simple moving average of $169.72 and a 200 day simple moving average of $142.09.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.09%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on APO. JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. BMO Capital Markets increased their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Citigroup boosted their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Apollo Global Management has a consensus rating of "Moderate Buy" and an average price target of $164.32.

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.