Look For Institutional Buying In Apollo Global Management Inc (NYSE: APO)

Apollo Global Management Inc (APO) concluded trading on Thursday at a closing price of $145.19, with 2.55 million shares of worth about $369.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 35.31% during that period and on October 17, 2024 the price saw a gain of about 1.64%. Currently the company’s common shares owned by public are about 567.76M shares, out of which, 401.36M shares are available for trading.

Stock saw a price change of 5.27% in past 5 days and over the past one month there was a price change of 23.51%. Year-to-date (YTD), APO shares are showing a performance of 55.80% which increased to 64.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $77.11 but also hit the highest price of $143.04 during that period. The average intraday trading volume for Apollo Global Management Inc shares is 3.05 million. The stock is currently trading 8.98% above its 20-day simple moving average (SMA20), while that difference is up 21.24% for SMA50 and it goes to 28.08% higher than SMA200.

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Apollo Global Management Inc (NYSE: APO) currently have 567.76M outstanding shares and institutions hold larger chunk of about 43.41% of that.

The stock has a current market capitalization of $114.98B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 15.59, while it has posted earnings per share of $9.31 in the same period. Its PEG reads 1.01 while making debt-to-equity ratio of 0.64. 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 1.61% while standing at 2.20% over the month.

Stock’s fiscal year EPS is expected to rise by 3.44% while it is estimated to increase by 20.25% 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 Wolfe Research on September 25, 2024 offering an Outperform rating for the stock and assigned a target price of $139 to it. Coverage by Wells Fargo stated Apollo Global Management Inc (APO) stock as an Overweight in their note to investors on September 12, 2024, suggesting a price target of $132 for the stock. On August 27, 2024, Redburn Atlantic Initiated their recommendations, while on August 06, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $123. Stock get an Overweight rating from JP Morgan on February 28, 2024.

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