Guardian Wealth Management Inc. Has $5.93 Million Holdings in Apollo Global Management Inc. (NYSE:APO)

Guardian Wealth Management Inc. raised its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 4.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 43,328 shares of the financial services provider's stock after purchasing an additional 1,923 shares during the quarter. Apollo Global Management makes up approximately 4.0% of Guardian Wealth Management Inc.'s investment portfolio, making the stock its 4th largest holding. Guardian Wealth Management Inc.'s holdings in Apollo Global Management were worth $5,933,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of APO. Fourth Dimension Wealth LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth approximately $25,000. GW&K Investment Management LLC boosted its stake in shares of Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 87 shares during the period. ORG Partners LLC boosted its stake in shares of Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 171 shares during the period. Farmers & Merchants Investments Inc. purchased a new position in Apollo Global Management during the 1st quarter valued at $39,000. Finally, Colonial Trust Co SC increased its position in Apollo Global Management by 29.2% during the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Up 0.2%

Shares of NYSE APO traded up $0.34 during mid-day trading on Wednesday, reaching $149.99. 87,586 shares of the company were exchanged, compared to its average volume of 3,953,166. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. The stock has a market cap of $85.71 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.67 and a beta of 1.59. Apollo Global Management Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm has a 50-day moving average of $139.16 and a 200 day moving average of $143.00.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The business had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $977.14 million. During the same quarter last year, the business posted $1.72 earnings per share. The company's quarterly revenue was down 21.2% compared to the same quarter last year. On average, research analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.51 dividend. The ex-dividend date was Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.36%. Apollo Global Management's dividend payout ratio is currently 35.73%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of research reports. Piper Sandler decreased their price objective on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Raymond James Financial initiated coverage on Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price on the stock. Citigroup lifted their price objective on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, Morgan Stanley decreased their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.00.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the sale, the chief financial officer owned 373,164 shares in the company, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.50% of the company's stock.

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.

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