Apollo Global Management (NYSE:APO) Given New $173.00 Price Target at Wells Fargo & Company

Apollo Global Management (NYSE:APO - Get Free Report) had its price objective boosted by stock analysts at Wells Fargo & Company from $160.00 to $173.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 17.44% from the stock's previous close.

APO has been the subject of several other research reports. Barclays raised their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday. Evercore ISI raised their price target on Apollo Global Management from $150.00 to $155.00 and gave the stock an "outperform" rating in a research note on Thursday. Bank of America lifted their target price on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Finally, Raymond James Financial assumed 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $161.00.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $147.31 on Friday. The firm has a market capitalization of $84.19 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.52 and a beta of 1.59. 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's 50-day simple moving average is $136.78 and its two-hundred day simple moving average is $144.25. Apollo Global Management has a twelve month low of $95.11 and a twelve month high of $189.49.

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

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management 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 directly owned 373,164 shares of the company's stock, valued at $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.20% of the company's stock.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ellevest Inc. lifted its stake in shares of Apollo Global Management by 1.5% in the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock valued at $735,000 after purchasing an additional 67 shares during the last quarter. Vivaldi Capital Management LP lifted its stake in Apollo Global Management by 2.1% during the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after acquiring an additional 71 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in Apollo Global Management by 14.4% during the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider's stock worth $85,000 after acquiring an additional 78 shares in the last quarter. Colonial Trust Co SC raised its position in Apollo Global Management by 29.2% in 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 in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC raised its position in shares of Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider's stock worth $345,000 after acquiring an additional 80 shares in 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.

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