Apollo Global Management (NYSE:APO) PT Raised to $118.00 at Wells Fargo & Company

Apollo Global Management (NYSE:APOGet Free Report) had its target price hoisted by Wells Fargo & Company from $110.00 to $118.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 7.34% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on APO. Barclays cut their price target on Apollo Global Management from $109.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley lifted their price target on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. TD Cowen started coverage on Apollo Global Management in a report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, BMO Capital Markets cut their price target on Apollo Global Management from $103.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.82.

View Our Latest Research Report on Apollo Global Management

Apollo Global Management Stock Performance

Shares of APO stock opened at $109.93 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $96.10 and a two-hundred day moving average of $89.63. Apollo Global Management has a 52 week low of $55.16 and a 52 week high of $110.23. The company has a market cap of $62.39 billion, a P/E ratio of 13.07, a PEG ratio of 0.76 and a beta of 1.63.

Insider Buying and Selling

In related news, insider James C. Zelter sold 87,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $86.16, for a total transaction of $7,539,000.00. Following the sale, the insider now owns 5,094,585 shares of the company’s stock, valued at $438,949,443.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Apollo Global Management news, insider James C. Zelter sold 70,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total value of $6,359,500.00. Following the transaction, the insider now owns 1,130,000 shares of the company’s stock, valued at $102,660,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James C. Zelter sold 87,500 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $86.16, for a total value of $7,539,000.00. Following the completion of the transaction, the insider now directly owns 5,094,585 shares in the company, valued at approximately $438,949,443.60. The disclosure for this sale can be found here. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its holdings in shares of Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock valued at $27,000 after buying an additional 431 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Apollo Global Management during the 1st quarter worth approximately $30,000. Zions Bancorporation N.A. purchased a new position in Apollo Global Management during the 1st quarter worth approximately $30,000. Sugarloaf Wealth Management LLC purchased a new position in Apollo Global Management during the 4th quarter worth approximately $31,000. Finally, Blue Trust Inc. grew its position in Apollo Global Management by 151.4% during the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 60.86% of the company’s stock.

Apollo Global Management Company Profile

(Get Free Report)

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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Analyst Recommendations for Apollo Global Management (NYSE:APO)

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