Guggenheim Capital LLC Raises Holdings in Apollo Global Management, Inc. (NYSE:APO)

Guggenheim Capital LLC increased its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 699.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,877 shares of the financial services provider's stock after buying an additional 26,141 shares during the quarter. Guggenheim Capital LLC's holdings in Apollo Global Management were worth $4,934,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Kestra Private Wealth Services LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth about $3,994,000. Fortress Financial Solutions LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth about $685,000. Leavell Investment Management Inc. lifted its holdings in shares of Apollo Global Management by 39.8% in the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock worth $1,016,000 after buying an additional 1,750 shares in the last quarter. Amundi lifted its holdings in shares of Apollo Global Management by 13.2% in the fourth quarter. Amundi now owns 801,260 shares of the financial services provider's stock worth $129,788,000 after buying an additional 93,451 shares in the last quarter. Finally, State of Michigan Retirement System bought a new position in shares of Apollo Global Management in the fourth quarter worth approximately $20,034,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APO. TD Cowen decreased their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Citigroup decreased their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Barclays decreased their price objective on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, Raymond James initiated coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.00.

Apollo Global Management Trading Up 5.3 %

NYSE:APO traded up $6.69 during midday trading on Thursday, hitting $133.24. The stock had a trading volume of 930,089 shares, compared to its average volume of 4,145,914. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a market capitalization of $76.01 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.17 and a beta of 1.66. The stock has a 50-day moving average of $135.86 and a 200 day moving average of $153.05. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.39%. Apollo Global Management's dividend payout ratio (DPR) is currently 25.31%.

Apollo Global Management Company Profile

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.