|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's range||25.42 - 25.59|
|52-week range||25.35 - 27.02|
|Beta (5Y monthly)||1.63|
|PE ratio (TTM)||3.07|
|Forward dividend & yield||1.59 (6.23%)|
|Ex-dividend date||30 Nov 2021|
|1y target est||N/A|
Image source: The Motley Fool. Apollo Global Management, LLC (NYSE: APO)Q3 2021 Earnings CallNov 5, 2021, 8:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to Apollo Global Management's Third Quarter 2021 Earnings Conference Call.
Media entrepreneur Byron Allen has raised $10 billion in preferred equity and debt for his bid for U.S. regional TV station operator Tegna Inc, hoping to prevail over a rival offer from investment firms Apollo Global Management Inc and Standard General LP, people familiar with the matter said. The financing is backed by a consortium of 14 banks and 10 investors, including Ares Management Corp, Fortress Investment Group, Oaktree Capital Management and Michael Milken's family office, one of the sources said. Ares is leading a $2.2 billion preferred equity investment in support of Allen's financing package, another of the sources added.
NEW YORK (Reuters) -Apollo Global Management Inc said its distributable earnings rose to an all-time high in the third quarter driven by more asset sales in its private equity portfolio and income from its credit business. Apollo joins peers Blackstone Inc and Carlyle Group Inc that reported record distributable earnings last month due to strong asset sales, as economic recovery from the COVID-19 pandemic and low interest rates drove mergers and acquisition activity to new highs. A big chunk of Apollo's earnings came from the $248.8 million it generated from the divestment of its annuities platform Venerable to a fund it manages and its insurance subsidiary, Athora, Apollo Chief Executive Marc Rowan said during an analyst earnings call.