Apollo Global Management (NYSE:APO) PT Raised to $149.00 at Wells Fargo & Company

Apollo Global Management (NYSE:APO) had its price target boosted by equities research analysts at Wells Fargo & Company from $148.00 to $149.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 10.18% from the company’s previous close.

A number of other equities analysts have also issued reports on APO. Wolfe Research assumed coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. UBS Group raised their price objective on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Redburn Atlantic assumed coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Finally, BMO Capital Markets upped their price objective on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.94.

Apollo Global Management Stock Down 0.6 %

NYSE APO traded down $0.87 during trading on Wednesday, hitting $135.23. The company’s stock had a trading volume of 575,610 shares, compared to its average volume of 2,588,147. Apollo Global Management has a fifty-two week low of $77.11 and a fifty-two week high of $136.44. The company has a market cap of $76.83 billion, a PE ratio of 14.98, a P/E/G ratio of 1.30 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50 day simple moving average is $115.34 and its 200-day simple moving average is $115.30.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $1.54 EPS. On average, equities analysts anticipate that Apollo Global Management will post 6.62 EPS for the current fiscal year.

Insider Transactions at Apollo Global Management

In related news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Institutional investors have recently modified their holdings of the stock. Gunderson Capital Management Inc. acquired a new stake in Apollo Global Management in the 3rd quarter worth about $1,471,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Apollo Global Management in the third quarter worth approximately $125,000. Dynamic Advisor Solutions LLC increased its position in shares of Apollo Global Management by 24.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,228 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 641 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Apollo Global Management by 39.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 12,101 shares of the financial services provider’s stock valued at $1,512,000 after purchasing an additional 3,423 shares in the last quarter. Finally, Eagle Rock Investment Company LLC acquired a new stake in Apollo Global Management during the 3rd quarter worth $2,135,000. 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.