Wells Fargo & Company Lowers Apollo Global Management (NYSE:APO) Price Target to $187.00

Apollo Global Management (NYSE:APO) had its price target lowered by stock analysts at Wells Fargo & Company from $191.00 to $187.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 13.50% from the company’s previous close.

APO has been the subject of a number of other reports. Keefe, Bruyette & Woods dropped their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley upped their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, Barclays boosted their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

Apollo Global Management Stock Performance

Shares of APO stock opened at $164.76 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $93.22 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. Apollo Global Management has a one year low of $95.11 and a one year high of $189.49. The company’s 50-day moving average is $169.37 and its 200 day moving average is $144.39.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of institutional investors and hedge funds have recently made changes to their positions in APO. Charles Schwab Investment Management Inc. lifted its stake in Apollo Global Management by 60.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after buying an additional 1,094,464 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Apollo Global Management by 42.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock worth $436,148,000 after buying an additional 782,700 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Apollo Global Management by 15,187.7% during the fourth quarter. Proficio Capital Partners LLC now owns 639,027 shares of the financial services provider’s stock valued at $105,542,000 after acquiring an additional 634,847 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Apollo Global Management by 813.6% in the fourth quarter. Principal Financial Group Inc. now owns 542,780 shares of the financial services provider’s stock valued at $89,646,000 after acquiring an additional 483,369 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Apollo Global Management by 12,086.7% in the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock worth $462,460,000 after acquiring an additional 367,195 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other 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.