Apollo Global Management (NYSE:APO) Given New $191.00 Price Target at Wells Fargo & Company

Apollo Global Management (NYSE:APO) had its target price lowered by investment analysts at Wells Fargo & Company from $197.00 to $191.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 22.13% from the stock’s current price.

Several other equities analysts have also recently issued reports on APO. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Barclays lifted their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Finally, Wolfe Research assumed coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. 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. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

Apollo Global Management Stock Performance

NYSE:APO opened at $156.39 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a twelve month low of $94.19 and a twelve month high of $189.49. The stock has a market cap of $88.49 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The firm’s fifty day simple moving average is $168.74 and its 200 day simple moving average is $138.69.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the business’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 value of $23,232,944.00. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 5,000 shares of the business’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 completion of 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 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 90 days. 8.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Apollo Global Management

Several large investors have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management during the 3rd quarter valued at approximately $35,000. Versant Capital Management Inc raised its holdings in shares of Apollo Global Management by 203.6% during the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 336 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $97,000. Prospera Private Wealth LLC purchased a new position in shares of Apollo Global Management in the third quarter valued at $80,000. Finally, Truvestments Capital LLC purchased a new stake in Apollo Global Management during the third quarter valued at $83,000. 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.