Wells Fargo & Company Lowers Apollo Global Management (NYSE:APO) Price Target to $187.00

Apollo Global Management (NYSE:APO) had its price target dropped by research analysts at Wells Fargo & Company from $191.00 to $187.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 13.50% from the stock’s previous close.

APO has been the topic of a number of other research reports. Morgan Stanley lifted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. TD Cowen lifted their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $164.00.

Apollo Global Management Stock Down 0.6 %

APO stock opened at $164.76 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $169.37 and a two-hundred day moving average of $144.39. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a market cap of $93.22 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.37 and a beta of 1.63.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock valued at $34,186,128 over the last ninety days. Corporate insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $34,000. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management during the third quarter valued at about $35,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the fourth quarter worth about $39,000. Finally, UMB Bank n.a. lifted its holdings in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

About Apollo Global Management

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.