The Vanguard Group, Inc. has recently announced that it has increased stake in Apollo Global Management Inc (NYSE:APO) by 0.05%. After grabbing 39.14 million shares, the institutional investor is now in possession of 18410.0 shares of the Financial Company. The new investment brought the stake of investor firm to 6.90% having worth around $3.65 billion. Moreover, Capital Research & Management Co increased its share by 1.12 million to have a control over 31.66 million shares. And BlackRock Fund Advisors raised its holdings to 0.12 million shares by acquiring 18.46 million shares or 3.25% of the stake.
Apollo Global Management Inc (APO) concluded trading on Thursday at a closing price of $99.98, with 2.96 million shares of worth about $295.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.77% during that period and on Thursday, January 25 the price saw a gain of about 1.94%. Currently the company’s common shares owned by public are about 570.28M shares, out of which, 396.20M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 113 times over the past 12 months. They bought 2,004,667 shares in 33 of the transactions. In 80 selling transactions, insiders dumped 6,735,163 shares.
Vanguard Total Stock Market ETF, American Funds Fundamental Invest, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Apollo Global Management Inc Vanguard Total Stock Market ETF is currently holding 12.5 million shares of worth totaling $1.16 billion. The company recently came buying 71666.0 shares which brought its stake up to 2.20% of the company’s outstanding shares. American Funds Fundamental Invest bought 0.19 million shares, after which its hold over company’s outstanding shares expand to 1.93%, leaving 10.93 million shares with the mutual fund that have a worth of about $1.02 billion. Vanguard Mid Cap Index Fund, after selling 8.9 million shares, have now control over 1.57% of the stake in the company. It holds -0.12 million shares of worth $829.85 million.
However, the stock later moved at a day high price of 100.05, or with a gain of 1.94%. Stock saw a price change of 3.52% in past 5 days and over the past one month there was a price change of 9.17%. Year-to-date (YTD), APO shares are showing a performance of 7.29% which increased to 47.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $55.16 but also hit the highest price of $99.63 during that period. The average intraday trading volume for Apollo Global Management Inc shares is 2.44 million. The stock is currently trading 5.04% above its 20-day simple moving average (SMA20), while that difference is up 8.18% for SMA50 and it goes to 22.77% higher than SMA200.
The Vanguard Group, Inc. acquired 39.14 million shares of Apollo Global Management Inc having value of about $3.65 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 18410.0 shares in the company valued at close to $1840631.8, or have control over 0.05% stake in the company. Apollo Global Management Inc (NYSE: APO) currently have 570.28M outstanding shares and institutions hold larger chunk of about 41.06% of that. Holding of mutual funds in the company is about 29.44% while other institutional holders and individual stake holders have control over 29.97% and 28.00% of the stake respectively.
The stock has a current market capitalization of $78.98B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 21.04, while it has posted earnings per share of $4.75 in the same period. Its PEG reads 1.11 while making debt-to-equity ratio of 1.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APO, volatility over the week remained 2.53% while standing at 2.08% over the month.
Analysts are in expectations that Apollo Global Management Inc (APO) stock would likely to be making an EPS of $1.72 in the current quarter, while forecast for next quarter EPS is $1.83 and it is $7.89 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.6 which is $1.78 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.42 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.70% while it is estimated to increase by 20.44% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 04, 2024 offering an Outperform rating for the stock and assigned a target price of $115 to it.
