Guggenheim Capital LLC Has $1.22 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)


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Guggenheim Capital LLC lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 7.2% during the 4th 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 as of its most recent SEC filing.

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

Several research firms recently issued reports on APO. Citigroup raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $53.00 to $56.00 in a report on Monday, March 22nd. TheStreet downgraded shares of Apollo Global Management from a “b-” rating to a “c+” rating in a report on Thursday, March 18th. Morgan Stanley upped 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. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.00.

Shares of APO stock opened at $47.05 on Thursday. Apollo Global Management, Inc. has a 52-week low of $33.66 and a 52-week high of $55.38. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of -56.01, a P/E/G ratio of 5.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $48.71 and a 200-day moving average of $46.56.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.22. The business had revenue of $519.79 million during the quarter, compared to analyst estimates of $480.07 million. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts predict that Apollo Global Management, Inc. will post 1.81 earnings per share for the current year.

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

In other news, major shareholder Tiger Global Management Llc bought 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The stock was acquired at an average price of $47.22 per share, for a total transaction of $47,220,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 2,800 shares of the stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $50.01, for a total transaction of $140,028.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,313,928 shares of company stock valued at $67,269,864. Corporate insiders own 9.30% of the company’s stock.

About Apollo Global Management

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.

Further Reading: Dual Listing

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

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