Wells Fargo & Company Raises Apollo Global Management (NYSE:APO) Price Target to $164.00

Apollo Global Management (NYSE:APO) had its price objective upped by stock analysts at Wells Fargo & Company from $149.00 to $164.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 2.58% from the stock’s current price.

APO has been the subject of several other research reports. Redburn Partners initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. BMO Capital Markets lifted their target price on shares of Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. UBS Group lifted their price objective on Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $150.83.

Apollo Global Management Stock Performance

NYSE APO opened at $159.88 on Wednesday. The company has a market capitalization of $91.06 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.53 and a beta of 1.59. Apollo Global Management has a twelve month low of $83.88 and a twelve month high of $166.72. The stock has a fifty day simple moving average of $131.14 and a 200 day simple moving average of $120.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management during the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management during the second quarter valued at about $35,000. J.Safra Asset Management Corp boosted its holdings in Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC increased 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 valued at $67,000 after buying an additional 100 shares during the last quarter. 77.06% of the stock is owned by 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.