Wells Fargo & Company Issues Pessimistic Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO) had its price objective lowered by equities researchers at Wells Fargo & Company from $187.00 to $177.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 23.32% from the stock’s current price.

APO has been the topic of several other reports. Barclays increased their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Piper Sandler increased their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods decreased 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, February 5th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley increased their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.21.

Apollo Global Management Stock Down 0.9 %

Shares of Apollo Global Management stock opened at $143.53 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management has a 1 year low of $95.11 and a 1 year high of $189.49. The firm’s 50-day moving average is $154.31 and its two-hundred day moving average is $151.74. The stock has a market cap of $81.88 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.17 and a beta of 1.66.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $25,000. Hopwood Financial Services Inc. purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $37,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $39,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.