Apollo Global Management (NYSE:APO) Price Target Cut to $187.00 by Analysts at Wells Fargo & Company

Apollo Global Management (NYSE:APO) had its price target trimmed by Wells Fargo & Company from $191.00 to $187.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

APO has been the subject of several other research reports. Keefe, Bruyette & Woods reduced 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. Citigroup lifted their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.00.

Apollo Global Management Trading Up 2.0 %

NYSE:APO opened at $165.84 on Wednesday. The firm has a market capitalization of $93.84 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.37 and a beta of 1.63. The business has a 50 day simple moving average of $169.55 and a 200 day simple moving average of $144.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management has a 12-month low of $95.11 and a 12-month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,600 shares of company stock worth $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors and hedge funds have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $34,000. Compagnie Lombard Odier SCmA purchased a new stake in Apollo Global Management during the third quarter valued at about $35,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management in the fourth quarter worth approximately $39,000. Finally, UMB Bank n.a. raised its holdings in shares of Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 228 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

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.