Apollo Global Stock Dropped 3% after Q4 Earnings Miss, Dividend Cut

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Apollo Global Stock Dropped 3% after Q4 Earnings Miss, Dividend Cut

Seeking Alpha2022-02-11

Apollo Global Management stock dropped 3% in premarket trading after Q4 earnings missed consensus, falling from Q3's level, and the private equity firm cut its dividend by 20%. On a Y/Y basis, ...

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·2022-02-11
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On a Y/Y basis, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3799111-apollo-global-earnings-slip-from-q3-falling-short-of-consensus\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apollo Global Stock Dropped 3% after Q4 Earnings Miss, Dividend Cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApollo Global Stock Dropped 3% after Q4 Earnings Miss, Dividend Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3799111-apollo-global-earnings-slip-from-q3-falling-short-of-consensus><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apollo Global Management  stock dropped 3% in premarket trading after Q4 earnings missed consensus, falling from Q3's level, and the private equity firm cut its dividend by 20%. On a Y/Y basis, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3799111-apollo-global-earnings-slip-from-q3-falling-short-of-consensus\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APO","symbol_name":"阿波罗全球管理","start_time":0,"source_url":"https://seekingalpha.com/news/3799111-apollo-global-earnings-slip-from-q3-falling-short-of-consensus","article_id":"2210419795","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2210419795","pubTimestamp":1644585480,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Apollo Global Management  stock dropped 3% in premarket trading after Q4 earnings missed consensus, ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"APO":"阿波罗全球管理"},"translate_title":"Apollo Global股价下跌3%，此前第四季度业绩不佳，股息减少","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APO":1},"content_text":"Apollo Global Management  stock dropped 3% in premarket trading after Q4 earnings missed consensus, falling from Q3's level, and the private equity firm cut its dividend by 20%. 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On a Y/Y basis, earnings from its Credit segment rose 33% and from its Private Equity business jumped 76%.</p><p><img src=\"https://static.tigerbbs.com/de90f9317b0b67ff0d93cbbfed85dd5f\" tg-width=\"869\" tg-height=\"639\" referrerpolicy=\"no-referrer\"/></p><p>Q4 distributable EPS of $1.05 trailed the consensus of $1.10 and decreased from $1.71 in Q3 and $0.72 in the year-ago quarter.</p><p>Fee-related earnings of $309.1M, or $0.67 per share rose from $300.6M, or $0.68 per share, in Q3 and $275.8M, or $0.63 per share, in the year-ago quarter. The Y/Y growth was driven by higher advisory and transaction fees, as well as higher management fees, partly offset by an increase in compensation and non-compensation expenses, primarily due to headcount growth.</p><p>Management fees of $519.1M increased from $474.5M in Q3 and $446.8M in the year-ago quarter.</p><p>Total investment income of $573.8M grew from $536.5M in Q3 but fell from $768.2M in Q4 2020.</p><p>Total assets under management of $497.6B at the end of Q4 rose from $481.1B at the end of Q3, driven by growth of retirement services clients and strong third-party fundraising.</p><p>Inflows were $23.6B during the quarter, and $67.5B for the year; Dry powder was $47.2B at quarter-end, of which $26.3B was dry powder with future management fee potential.</p><p>Deployed $34.6B during Q4 and recorded realizations of $4.2B.</p><p>Q4 performance fee-generating AUM of $92.9B vs. $92.5B in Q3.</p><p>Credit segment distributable earnings were $302.5M, up 33% Y/Y.</p><p>Private Equity segment distributable earnings of $144.4M jumped 76% Y/Y.</p><p>Real Assets segment distributable earnings of $38.3M increased 15% Y/Y.</p><p>Conference call at 8:30 AM ET.</p><p>Earlier, Apollo Global Management non-GAAP EPS of $1.05 misses by $0.05, revenue of $1.2B</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apollo Global Stock Dropped 3% after Q4 Earnings Miss, Dividend Cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApollo Global Stock Dropped 3% after Q4 Earnings Miss, Dividend Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3799111-apollo-global-earnings-slip-from-q3-falling-short-of-consensus><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apollo Global Management  stock dropped 3% in premarket trading after Q4 earnings missed consensus, falling from Q3's level, and the private equity firm cut its dividend by 20%. On a Y/Y basis, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3799111-apollo-global-earnings-slip-from-q3-falling-short-of-consensus\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APO":"阿波罗全球管理"},"source_url":"https://seekingalpha.com/news/3799111-apollo-global-earnings-slip-from-q3-falling-short-of-consensus","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210419795","content_text":"Apollo Global Management  stock dropped 3% in premarket trading after Q4 earnings missed consensus, falling from Q3's level, and the private equity firm cut its dividend by 20%. On a Y/Y basis, earnings from its Credit segment rose 33% and from its Private Equity business jumped 76%.Q4 distributable EPS of $1.05 trailed the consensus of $1.10 and decreased from $1.71 in Q3 and $0.72 in the year-ago quarter.Fee-related earnings of $309.1M, or $0.67 per share rose from $300.6M, or $0.68 per share, in Q3 and $275.8M, or $0.63 per share, in the year-ago quarter. The Y/Y growth was driven by higher advisory and transaction fees, as well as higher management fees, partly offset by an increase in compensation and non-compensation expenses, primarily due to headcount growth.Management fees of $519.1M increased from $474.5M in Q3 and $446.8M in the year-ago quarter.Total investment income of $573.8M grew from $536.5M in Q3 but fell from $768.2M in Q4 2020.Total assets under management of $497.6B at the end of Q4 rose from $481.1B at the end of Q3, driven by growth of retirement services clients and strong third-party fundraising.Inflows were $23.6B during the quarter, and $67.5B for the year; Dry powder was $47.2B at quarter-end, of which $26.3B was dry powder with future management fee potential.Deployed $34.6B during Q4 and recorded realizations of $4.2B.Q4 performance fee-generating AUM of $92.9B vs. $92.5B in Q3.Credit segment distributable earnings were $302.5M, up 33% Y/Y.Private Equity segment distributable earnings of $144.4M jumped 76% Y/Y.Real Assets segment distributable earnings of $38.3M increased 15% Y/Y.Conference call at 8:30 AM ET.Earlier, Apollo Global Management non-GAAP EPS of $1.05 misses by $0.05, revenue of $1.2B","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":76,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}