APO Stock Forecast: All the More Reason to Consider Apollo Global Management Inc (APO) Now

Apollo Global Management Inc (NYSE: APO) is 17.96% higher on its value in year-to-date trading and has touched a low of $55.16 and a high of $108.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APO stock was last observed hovering at around $107.41 in the last trading session, with the day’s gains setting it 2.52%.

Currently trading at $109.93, the stock is 10.12% and 14.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.08 million and changing 2.35% at the moment leaves the stock 31.57% off its SMA200. APO registered 48.78% gain for a year compared to 6-month gain of 34.72%. The firm has a 50-day simple moving average (SMA 50) of -$2.93 and a 200-day simple moving average (SMA200) of -$17.96.

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The stock witnessed a 13.66% loss in the last 1 month and extending the period to 3 months gives it a 29.68%, and is 6.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 2.35% over the month.

Apollo Global Management Inc (APO) has around Feb 16 2024 employees, a market worth around $86.84B and $33.01B in sales. Current P/E ratio is 13.06 and Fwd P/E is 12.10. Profit margin for the company is 15.31%. Distance from 52-week low is 99.29% and 0.89% from its 52-week high. The company has generated returns on investments over the last 12 months (22.69%).

Apollo Global Management Inc quarterly earnings per share for the current quarter are estimated at $1.84 with sales reaching $3.77B over the same period.The EPS is expected to grow by 16.58% this year, but quarterly earnings will post -52.10% year-over-year. Quarterly sales are estimated to shrink -28.80% in year-over-year returns.

Apollo Global Management Inc (APO) Top Institutional Holders

1,056 institutions hold shares in Apollo Global Management Inc (APO), with institutional investors hold 80.94% of the company’s shares. The shares outstanding are 567.76M, and float is at 396.20M with Short Float at 4.01%. Institutions hold 58.93% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 40.25 million shares valued at $3.09 billion. The investor’s holdings represent 7.10% of the APO Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital World Investors with 30.54 million shares valued at $2.35 billion to account for 5.39% of the shares outstanding. The other top investors are Blackrock Inc. which holds 28.06 million shares representing 4.95% and valued at over $2.15 billion, while Capital International Investors holds 2.42% of the shares totaling 13.7 million with a market value of $1.05 billion.

Apollo Global Management Inc (APO) Insider Activity

A total of 20 insider transactions have happened at Apollo Global Management Inc (APO) in the last six months, with sales accounting for 12 and purchases happening 8 times. The most recent transaction is an insider sale by Zelter James C ,the company’sCo-President (). SEC filings show that Zelter James C sold 17,500 shares of the company’s common stock on Nov 29 at a price of $92.00 per share for a total of $1.61 million. Following the sale, the insider now owns 1.11 million shares.

Apollo Global Management Inc disclosed in a document filed with the SEC on Nov 28 that Zelter James C (Co-President ()) sold a total of 70,000 shares of the company’s common stock. The trade occurred on Nov 28 and was made at $90.85 per share for $6.36 million. Following the transaction, the insider now directly holds 1.13 million shares of the APO stock.

Still, SEC filings show that on Nov 17, Zelter James C (Co-President ()) disposed off 87,500 shares at an average price of $86.16 for $7.54 million. The insider now directly holds 5,094,585 shares of Apollo Global Management Inc (APO).