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

Apollo Global Management (NYSE:APO) had its price objective decreased by equities researchers at Wells Fargo & Company from $177.00 to $139.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 8.01% from the stock’s previous close.

Several other equities analysts have also recently issued reports on APO. Barclays lowered their price target on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday. BMO Capital Markets lifted 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. Keefe, Bruyette & Woods cut 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 report on Wednesday, February 5th. Piper Sandler reduced their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Finally, Citigroup dropped their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.16.

Apollo Global Management Price Performance

NYSE APO opened at $128.69 on Tuesday. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a market capitalization of $73.42 billion, a PE ratio of 17.60, a P/E/G ratio of 1.17 and a beta of 1.66. The company’s 50 day simple moving average is $143.27 and its 200 day simple moving average is $153.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.50% of the stock is owned by insiders.

Institutional Trading of Apollo Global Management

Institutional investors have recently bought and sold shares of the company. RFG Advisory LLC acquired a new position in Apollo Global Management in the 1st quarter worth about $2,087,000. Fulton Bank N.A. increased its holdings in Apollo Global Management by 61.4% in the first quarter. Fulton Bank N.A. now owns 5,806 shares of the financial services provider’s stock worth $795,000 after buying an additional 2,209 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in Apollo Global Management by 7.4% in the first quarter. Harbor Investment Advisory LLC now owns 17,167 shares of the financial services provider’s stock worth $2,351,000 after buying an additional 1,180 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in Apollo Global Management by 3.3% during the first quarter. Baker Tilly Wealth Management LLC now owns 5,770 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 182 shares in the last quarter. Finally, Czech National Bank lifted its stake in Apollo Global Management by 5.9% in the first quarter. Czech National Bank now owns 102,667 shares of the financial services provider’s stock valued at $14,059,000 after acquiring an additional 5,749 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

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.