Apollo Global Management (APO) to Release Earnings on Tuesday

Apollo Global Management (NYSE:APO - Get Free Report) will likely be issuing 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 that are interested in participating in the company's earnings conference call can do so using this link.

Apollo Global Management Stock Performance

Shares of NYSE:APO traded down $0.50 on Friday, hitting $171.26. The company had a trading volume of 1,485,447 shares, compared to its average volume of 3,299,410. The stock has a 50 day moving average price of $170.04 and a 200 day moving average price of $142.84. 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 stock has a market cap of $96.90 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.37 and a beta of 1.63. Apollo Global Management has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.08%. Apollo Global Management's dividend payout ratio (DPR) is 19.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APO. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Wells Fargo & Company reduced their target price on Apollo Global Management from $197.00 to $191.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets boosted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Morgan Stanley raised their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Finally, Evercore ISI increased their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.32.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The shares were 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 of the company's stock, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock valued at $34,186,128 over the last ninety days. 8.50% of the stock is owned by company insiders.

About Apollo Global Management

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.