Apollo Global Management Inc (NYSE: APO) is 33.58% higher on its value in year-to-date trading and has touched a low of $77.11 and a high of $126.45 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 $121.62 in the last trading session, with the day’s gains setting it 2.86%.
Currently trading at $124.48, the stock is 10.68% and 9.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.56 million and changing 2.35% at the moment leaves the stock 13.92% off its SMA200. APO registered 35.27% gain for a year compared to 6-month loss of 8.69%.
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The stock witnessed a 13.91% gain in the last 1 month and extending the period to 3 months gives it a 5.69%, and is 8.82% 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 2.54% over the week and 2.82% over the month.
Apollo Global Management Inc (APO) has around 2903 employees, a market worth around $98.58B and $26.98B in sales. Current P/E ratio is 13.37 and Fwd P/E is 14.36. Profit margin for the company is 20.63%. Distance from 52-week low is 61.43% and -1.56% from its 52-week high. The company has generated returns on investments over the last 12 months (22.19%).
with sales reaching $4.05B over the same period.The EPS is expected to grow by 4.89% this year, but quarterly earnings will post -51.60% year-over-year. Quarterly sales are estimated to grow 56.30% in year-over-year returns.
Apollo Global Management Inc (APO) Top Institutional Holders
1259.0 institutions hold shares in Apollo Global Management Inc (APO), with institutional investors hold 85.28% of the company’s shares. The shares outstanding are 567.76M, and float is at 401.37M with Short Float at 5.04%. Institutions hold 62.30% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.25 million shares valued at $4.87 billion. The investor’s holdings represent 7.0137% of the APO Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 31.48 million shares valued at $3.72 billion to account for 5.3533 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 23.78 million shares representing 4.0438% and valued at over $2.81 billion, while FMR LLC holds 3.0685 of the shares totaling 18.05 million with a market value of $2.13 billion.
Apollo Global Management Inc (APO) Insider Activity
The most recent transaction is an insider purchase by O’Neill Mitra, the company’s Director. SEC filings show that O’Neill Mitra bought 923 shares of the company’s common stock on Sep 06 ’24 at a price of $108.40 per share for a total of $0.1 million. Following the purchase, the insider now owns 27131.0 shares.
Apollo Global Management Inc disclosed in a document filed with the SEC on Aug 23 ’24 that Zelter James C (Co-President ()) sold a total of 83,866 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $110.14 per share for $9.24 million. Following the transaction, the insider now directly holds 0.78 million shares of the APO stock.
Still, SEC filings show that on Aug 23 ’24, Zelter James C (Co-President ()) disposed off 16,134 shares at an average price of $110.16 for $1.78 million. The insider now directly holds 5,706,477 shares of Apollo Global Management Inc (APO).
