Apollo Global Management Inc (APO): A Great Stock For Handling Current Market Conditions?

Currently, there are 567.76M common shares owned by the public and among those 401.36M shares have been available to trade.

The company’s stock has a 5-day price change of 5.50% and 9.97% over the past three months. APO shares are trading 41.66% year to date (YTD), with the 12-month market performance up to 47.07% higher. It has a 12-month low price of $77.11 and touched a high of $126.93 over the same period. APO has an average intraday trading volume of 2.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.97%, 15.62%, and 19.52% respectively.

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Institutional ownership of Apollo Global Management Inc (NYSE: APO) shares accounts for 43.44% of the company’s 567.76M shares outstanding.

It has a market capitalization of $104.54B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 14.17, while the earnings-per-share (ttm) stands at $9.31. The company has a PEG of 0.97 and the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.58% over the week and 2.94% over the month.

Earnings per share for the fiscal year are expected to increase by 4.62%, and 22.30% over the next financial year.

Looking at the support for the APO, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on September 25, 2024, with the firm’s price target at $139. Wells Fargo coverage for the Apollo Global Management Inc (APO) stock in a research note released on September 12, 2024 offered a Overweight rating with a price target of $132. Redburn Atlantic was of a view on August 27, 2024 that the stock is Buy, while BofA Securities gave the stock Buy rating on August 06, 2024, issuing a price target of $123. JP Morgan on their part issued Overweight rating on February 28, 2024.

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