Apollo Global Management (NYSE:APO) PT Raised to $148.00 at Wells Fargo & Company

Apollo Global Management (NYSE:APO) had its price objective hoisted by stock analysts at Wells Fargo & Company from $132.00 to $148.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.55% from the stock’s current price.

APO has been the subject of a number of other reports. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Argus reduced their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Redburn Atlantic began coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on shares of Apollo Global Management from $127.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.76.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded up $1.87 on Wednesday, reaching $133.88. 1,366,938 shares of the stock were exchanged, compared to its average volume of 2,563,331. The firm’s 50 day moving average is $114.15 and its 200-day moving average is $114.53. Apollo Global Management has a one year low of $77.11 and a one year high of $135.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $76.07 billion, a PE ratio of 14.83, a P/E/G ratio of 1.30 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the prior year, the company earned $1.54 earnings per share. As a group, analysts anticipate that Apollo Global Management will post 6.62 EPS for the current fiscal year.

Insider Activity

In related news, Director Pauline Richards acquired 2,351 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC raised its holdings in shares of Apollo Global Management by 112.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock worth $117,558,000 after acquiring an additional 552,893 shares during the last quarter. CenterBook Partners LP raised its holdings in shares of Apollo Global Management by 59.9% in the 4th quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock worth $1,933,000 after acquiring an additional 7,769 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Apollo Global Management by 193.3% in the 1st quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock worth $5,755,000 after acquiring an additional 33,731 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Apollo Global Management in the 1st quarter worth about $1,731,000. Finally, Cobalt Capital Management Inc. acquired a new stake in shares of Apollo Global Management in the 4th quarter worth about $932,000. Institutional investors and hedge funds own 77.06% 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.