Is Apollo Global Management Inc (NYSE: APO) Proving The Doubters Wrong?

Apollo Global Management Inc (APO) concluded trading on Wednesday at a closing price of $164.85, with 3.81 million shares of worth about $628.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.94% during that period and on January 15, 2025 the price saw a gain of about 3.46%. Currently the company’s common shares owned by public are about 565.82M shares, out of which, 399.70M shares are available for trading.

Stock saw a price change of 1.48% in past 5 days and over the past one month there was a price change of -6.55%. Year-to-date (YTD), APO shares are showing a performance of -0.19% which increased to 72.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $94.19 but also hit the highest price of $189.49 during that period. The average intraday trading volume for Apollo Global Management Inc shares is 5.34 million. The stock is currently trading -1.53% below its 20-day simple moving average (SMA20), while that difference is down -1.47% for SMA50 and it goes to 26.14% higher than SMA200.

Apollo Global Management Inc (NYSE: APO) currently have 565.82M outstanding shares and institutions hold larger chunk of about 59.62% of that.

The stock has a current market capitalization of $93.27B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 17.35, while it has posted earnings per share of $9.50 in the same period. Its PEG reads 1.11 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 2.53% while standing at 2.73% over the month.

Analysts are in expectations that Apollo Global Management Inc (APO) stock would likely to be making an EPS of 1.93 in the current quarter, while forecast for next quarter EPS is 1.99 and it is 8.52 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.84 which is 2.0 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 1.91 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.19% while it is estimated to increase by 19.54% 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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