Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Apollo Global Management, Inc. (NYSE:APO) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,804 shares of the financial services provider’s stock after purchasing an additional 1,673 shares during the quarter. Guggenheim Capital LLC’s holdings in Apollo Global Management were worth $1,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning boosted its holdings in shares of Apollo Global Management by 14.5% in the 4th quarter. Creative Planning now owns 10,951 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 1,385 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Apollo Global Management by 129.7% in the 4th quarter. Kestra Advisory Services LLC now owns 23,996 shares of the financial services provider’s stock valued at $1,166,000 after purchasing an additional 13,549 shares during the last quarter. Kingfisher Capital LLC lifted its holdings in shares of Apollo Global Management by 16.5% during the 4th quarter. Kingfisher Capital LLC now owns 42,016 shares of the financial services provider’s stock valued at $2,058,000 after acquiring an additional 5,954 shares in the last quarter. Brave Asset Management Inc. lifted its holdings in shares of Apollo Global Management by 28.2% during the 4th quarter. Brave Asset Management Inc. now owns 53,700 shares of the financial services provider’s stock valued at $2,630,000 after acquiring an additional 11,800 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of Apollo Global Management by 12,118.5% during the 4th quarter. Prospera Financial Services Inc now owns 38,366 shares of the financial services provider’s stock valued at $1,880,000 after acquiring an additional 38,052 shares in the last quarter. Institutional investors own 71.95% of the company’s stock.

APO opened at $47.05 on Thursday. The company has a 50-day moving average of $48.71 and a 200-day moving average of $46.56. The company has a market capitalization of $10.91 billion, a P/E ratio of -56.01, a PEG ratio of 5.26 and a beta of 1.62. Apollo Global Management, Inc. has a 1-year low of $33.66 and a 1-year high of $55.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, February 2nd. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.22. The business had revenue of $519.79 million for the quarter, compared to the consensus estimate of $480.07 million. During the same period in the prior year, the company earned $0.59 EPS. Apollo Global Management’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, sell-side analysts expect that Apollo Global Management, Inc. will post 1.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Friday, February 19th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date was Thursday, February 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is currently 88.56%.

APO has been the topic of several recent research reports. TheStreet lowered shares of Apollo Global Management from a “b-” rating to a “c+” rating in a report on Thursday, March 18th. Wells Fargo & Company lifted their target price on shares of Apollo Global Management from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, January 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Apollo Global Management from $49.00 to $51.00 and gave the company a “hold” rating in a report on Friday, December 18th. JPMorgan Chase & Co. lowered shares of Apollo Global Management from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $51.00 to $52.00 in a report on Tuesday, March 9th. Finally, Morgan Stanley boosted their price objective on shares of Apollo Global Management from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, February 8th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Apollo Global Management has a consensus rating of “Buy” and a consensus target price of $55.00.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc acquired 1,000,000 shares of the stock in a transaction that occurred on Thursday, March 11th. The stock was acquired at an average price of $47.22 per share, with a total value of $47,220,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joshua Harris sold 1,000 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $51.00, for a total transaction of $51,000.00. Following the transaction, the insider now directly owns 1,350,000 shares of the company’s stock, valued at $68,850,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,313,928 shares of company stock valued at $67,269,864. Insiders own 9.30% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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