Apollo Global Management Inc (NYSE: APO): To Buy Or Not To Buy, That Is The Question

Apollo Global Management Inc (APO) concluded trading on Thursday at a closing price of $114.05, with 3.15 million shares of worth about $358.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.10% during that period and on Thursday the price saw a gain of about 1.31%. Currently the company’s common shares owned by public are about 567.76M shares, out of which, 396.20M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 99 times over the past 12 months. They bought 403,193 shares in 28 of the transactions. In 71 selling transactions, insiders dumped 4,935,167 shares.

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However, the stock later moved at a day high price of 114.29, or with a gain of 1.31%. Stock saw a price change of 6.18% in past 5 days and over the past one month there was a price change of 18.73%. Year-to-date (YTD), APO shares are showing a performance of 22.38% which increased to 59.15% 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 $113.08 during that period. The average intraday trading volume for Apollo Global Management Inc shares is 2.45 million. The stock is currently trading 10.97% above its 20-day simple moving average (SMA20), while that difference is up 17.43% for SMA50 and it goes to 34.95% higher than SMA200.

Apollo Global Management Inc (NYSE: APO) currently have 567.76M outstanding shares and institutions hold larger chunk of about 42.23% of that.

The stock has a current market capitalization of $90.09B and its 3Y-monthly beta is at 1.64. PE ratio of stock for trailing 12 months is 13.55, while it has posted earnings per share of $8.42 in the same period. Its PEG reads 0.87 while making debt-to-equity ratio of 0.57. 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 2.83% while standing at 2.49% over the month.

Analysts are in expectations that Apollo Global Management Inc (APO) stock would likely to be making an EPS of $Air Products and Chemicals, Inc in the current quarter, while forecast for next quarter EPS is $226.95 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $APA Corporation which is $AutoZone, Inc. 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 $XPO, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.86% while it is estimated to increase by 16.00% 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.

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