Apollo Global Management (NYSE:APO - Get Free Report) had its price objective decreased by equities research analysts at Wells Fargo & Company from $187.00 to $177.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price target would indicate a potential upside of 19.12% from the company's current price.
Other equities analysts have also recently issued research reports about the company. TD Cowen raised their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a report on Monday, December 9th. Morgan Stanley lifted their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. 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 note on Wednesday, February 5th. Piper Sandler raised their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. One investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.21.
Get Our Latest Stock Analysis on APO
Apollo Global Management Price Performance
NYSE:APO traded up $5.18 during mid-day trading on Thursday, reaching $148.59. 3,155,925 shares of the company were exchanged, compared to its average volume of 3,378,555. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market cap of $84.77 billion, a PE ratio of 20.33, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a fifty day moving average of $154.31 and a 200 day moving average of $152.32.
Insider Transactions at Apollo Global Management
In related news, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade 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 insiders.
Hedge Funds Weigh In On Apollo Global Management
A number of institutional investors have recently bought and sold shares of APO. Fourth Dimension Wealth LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth approximately $25,000. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management in the 4th quarter valued at $37,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 77.06% of the company's stock.
Apollo Global Management Company Profile
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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.
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