Some Investing Thoughts On Apollo Global Management Inc (NYSE: APO)

Apollo Global Management Inc (APO) concluded trading on Wednesday at a closing price of $174.73, with 4.76 million shares of worth about $831.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.27% during that period and on December 04, 2024 the price saw a gain of about 1.00%. Currently the company’s common shares owned by public are about 565.82M shares, out of which, 397.61M shares are available for trading.

Stock saw a price change of -0.52% in past 5 days and over the past one month there was a price change of 25.32%. Year-to-date (YTD), APO shares are showing a performance of 87.50% which increased to 94.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $88.58 but also hit the highest price of $176.75 during that period. The average intraday trading volume for Apollo Global Management Inc shares is 3.26 million. The stock is currently trading 4.14% above its 20-day simple moving average (SMA20), while that difference is up 16.15% for SMA50 and it goes to 42.30% higher than SMA200.

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Apollo Global Management Inc (NYSE: APO) currently have 565.82M outstanding shares and institutions hold larger chunk of about 42.79% of that.

The stock has a current market capitalization of $98.87B and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 18.39, while it has posted earnings per share of $9.50 in the same period. Its PEG reads 1.21 while making debt-to-equity ratio of 0.55. 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 1.73% while standing at 2.44% over the month.

Stock’s fiscal year EPS is expected to rise by 5.38% while it is estimated to increase by 19.73% 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 Piper Sandler on November 19, 2024 offering an Overweight rating for the stock and assigned a target price of $188 to it. Coverage by Wolfe Research stated Apollo Global Management Inc (APO) stock as an Outperform in their note to investors on September 25, 2024, suggesting a price target of $139 for the stock. On September 12, 2024, Wells Fargo Initiated their recommendations, while on August 27, 2024, Redburn Atlantic Initiated their ratings for the stock with a price target of $153. Stock get a Buy rating from BofA Securities on August 06, 2024.

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