Apollo Global Management (NYSE:APO) Coverage Initiated by Analysts at Wells Fargo & Company

Equities research analysts at Wells Fargo & Company assumed coverage on shares of Apollo Global Management (NYSE:APO) in a research report issued on Thursday, Briefing.com reports. The firm set an “overweight” rating and a $132.00 price target on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 21.52% from the company’s previous close.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Barclays dropped their price objective on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. TD Cowen increased their target price on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their target price for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, Evercore ISI raised their price objective on shares of Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $129.06.

Apollo Global Management Stock Up 1.8 %

APO stock opened at $108.62 on Thursday. The stock has a market capitalization of $61.71 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.11 and a beta of 1.61. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management has a 12 month low of $77.11 and a 12 month high of $126.45. The firm has a 50-day moving average price of $113.77 and a 200-day moving average price of $113.36.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter last year, the business earned $1.54 EPS. As a group, equities research analysts anticipate that Apollo Global Management will post 6.68 EPS for the current fiscal year.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the completion of the transaction, the director now owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Global Management

Large investors have recently bought and sold shares of the company. CWA Asset Management Group LLC grew its stake in shares of Apollo Global Management by 2.8% during the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 94 shares during the period. Zhang Financial LLC boosted its stake in Apollo Global Management by 0.6% in the 1st quarter. Zhang Financial LLC now owns 17,724 shares of the financial services provider’s stock worth $1,993,000 after purchasing an additional 97 shares during the period. FineMark National Bank & Trust boosted its stake in Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 98 shares during the period. Orion Capital Management LLC boosted its stake in Apollo Global Management by 20.0% in the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in Apollo Global Management by 8.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 102 shares during the period. 77.06% of the stock is 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.