Apollo Global Management (NYSE:APO) had its price target boosted by Wells Fargo & Co from $38.00 to $42.00 in a research report sent to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded GenMark Diagnostics from a hold rating to a sell rating in a research report on Wednesday, April 24th. ValuEngine raised Alleghany from a hold rating to a buy rating in a research report on Friday, April 19th. TheStreet downgraded Viewray from a c- rating to a d rating in a research report on Friday, May 3rd. Morgan Stanley decreased their target price on Virtus Investment Partners from $121.00 to $118.00 and set an equal weight rating on the stock in a research report on Tuesday, July 9th. Finally, Credit Suisse Group decreased their target price on Athene from $67.00 to $57.00 and set an outperform rating on the stock in a research report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $39.00.

Apollo Global Management stock opened at $35.81 on Wednesday. Apollo Global Management has a 12 month low of $22.63 and a 12 month high of $36.49. The company has a 50 day moving average price of $33.28. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $7.19 billion, a P/E ratio of -170.52, a price-to-earnings-growth ratio of 0.87 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.11). The firm had revenue of $677.78 million during the quarter, compared to the consensus estimate of $695.30 million. During the same quarter last year, the firm earned ($0.30) earnings per share. The company’s revenue was up 306.1% compared to the same quarter last year. Sell-side analysts predict that Apollo Global Management will post 2.38 EPS for the current year.

In related news, Director A B. Krongard purchased 1,790 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $32.41 per share, with a total value of $58,013.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 49.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Rothschild Investment Corp IL raised its position in Apollo Global Management by 0.5% during the 2nd quarter. Rothschild Investment Corp IL now owns 80,577 shares of the financial services provider’s stock worth $2,764,000 after purchasing an additional 400 shares during the last quarter. Arlington Partners LLC bought a new position in Apollo Global Management during the 2nd quarter worth $34,000. DNB Asset Management AS raised its position in Apollo Global Management by 0.8% during the 2nd quarter. DNB Asset Management AS now owns 149,600 shares of the financial services provider’s stock worth $5,131,000 after purchasing an additional 1,200 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Apollo Global Management by 46.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock worth $16,613,000 after purchasing an additional 186,658 shares during the last quarter. Finally, Cerebellum GP LLC raised its position in Apollo Global Management by 8.8% during the 1st quarter. Cerebellum GP LLC now owns 11,439 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 929 shares during the last quarter. 73.41% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

Read More: What are the FAANG Stocks?

Analyst Recommendations for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.