Wells Fargo & Company Raises Apollo Global Management (NYSE:APO) Price Target to $197.00

Apollo Global Management (NYSE:APO) had its price objective lifted by equities researchers at Wells Fargo & Company from $164.00 to $197.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 11.66% from the company’s current price.

APO has been the subject of a number of other reports. Argus cut their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Piper Sandler initiated coverage on shares of Apollo Global Management in a research report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 target price on the stock. BMO Capital Markets boosted their price target on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Redburn Atlantic assumed coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Finally, UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $160.89.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $176.43 on Thursday. The firm has a market capitalization of $99.83 billion, a PE ratio of 18.44, a P/E/G ratio of 1.84 and a beta of 1.63. Apollo Global Management has a 52 week low of $89.76 and a 52 week high of $189.49. The firm’s 50-day simple moving average is $157.91 and its 200 day simple moving average is $130.89. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. 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

Several institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in Apollo Global Management in the 3rd quarter valued at about $503,000. Sfmg LLC increased its position in Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares during the period. World Investment Advisors LLC raised its stake in Apollo Global Management by 1.8% during the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 119 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Apollo Global Management by 11.5% in the third quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider’s stock worth $13,783,000 after purchasing an additional 11,370 shares in the last quarter. Finally, Unigestion Holding SA acquired a new position in shares of Apollo Global Management during the third quarter valued at $609,000. 77.06% of the stock is owned by institutional investors.

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.