Apollo Global Management (NYSE:APO) Price Target Raised to $173.00 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 note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price target would indicate a potential upside of 17.52% from the company's previous close.

Other equities analysts have also issued research reports about the company. Piper Sandler decreased their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Citigroup upped their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday. TD Cowen decreased their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Barclays increased their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Cowen restated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.00.

Apollo Global Management Trading Down 0.7%

NYSE:APO traded down $1.00 during trading hours on Friday, hitting $147.21. The company had a trading volume of 1,474,527 shares, compared to its average volume of 3,945,997. The company has a market capitalization of $84.13 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.62 and a beta of 1.59. The stock has a 50-day moving average price of $137.02 and a 200 day moving average price of $144.06. Apollo Global Management has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $977.14 million. During the same quarter last year, the firm posted $1.72 EPS. The business's quarterly revenue was down 21.2% on a year-over-year basis. On average, equities research analysts predict that Apollo Global Management will post 8 EPS for the current fiscal year.

Insider Activity 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. 8.20% of the stock is owned by company insiders.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently made changes to their positions in the company. Ellevest Inc. boosted its stake in shares of Apollo Global Management by 1.5% in the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after acquiring an additional 67 shares during the last quarter. Vivaldi Capital Management LP boosted its stake in shares of Apollo Global Management by 2.1% in the fourth 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 during the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Apollo Global Management by 14.4% in the first 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 during the last quarter. Colonial Trust Co SC boosted its stake in shares of Apollo Global Management by 29.2% in the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after acquiring an additional 79 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC boosted its stake in shares of Apollo Global Management by 3.3% in the first 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 during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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.