Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. lifted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,405 shares of the financial services provider’s stock after acquiring an additional 1,103 shares during the period. Apollo Global Management makes up approximately 4.7% of Guardian Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position. Guardian Wealth Management Inc.’s holdings in Apollo Global Management were worth $6,838,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC grew its position in Apollo Global Management by 64.6% in the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock valued at $1,550,316,000 after acquiring an additional 3,695,979 shares during the last quarter. Vanguard Group Inc. boosted its position in Apollo Global Management by 8.9% in the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after buying an additional 3,691,700 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Apollo Global Management by 245.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider’s stock worth $438,196,000 after buying an additional 1,886,146 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider’s stock worth $1,065,615,000 after buying an additional 1,739,807 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Apollo Global Management by 200,666.6% during the 4th quarter. Bessemer Group Inc. now owns 1,226,684 shares of the financial services provider’s stock valued at $202,598,000 after acquiring an additional 1,226,073 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Performance

Shares of APO opened at $126.65 on Thursday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s fifty day moving average price is $135.86 and its two-hundred day moving average price is $153.05. The firm has a market cap of $72.25 billion, a PE ratio of 17.33, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insiders Place Their Bets

In other news, insider Lb 2018 Gst Trust bought 607,725 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares of the company’s stock, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APO shares. Raymond James initiated coverage on Apollo Global Management in a report on Thursday, April 10th. They set a “strong-buy” rating and a $173.00 price target on the stock. Barclays dropped their price target on shares of Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Bank of America increased their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 4th. Keefe, Bruyette & Woods lowered their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup cut their target price on 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.00.

Apollo Global Management 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.