Analysts Issue Research Notes On Apollo Global Management Inc. (APO)

Apollo Global Management Inc. (NYSE:APO) finished Wednesday with an addition of $0.13 to close at $66.04, an upside of 0.20 percent. An average of 1,769,400 shares of common stock have been traded in the last five days. There was a gain of $3.43 in the past week. The last 20 days have seen an average of 2,458,845 shares traded, while the 50-day average volume stands at 2,060,800.

APO stock has increased by 8.23% in the last month. The company shares reached their 1-month lowest point of $57.65 on 09/20/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $36.35 and a high of $66.81 in 52 weeks. In spite of this, the price is down -1.15% from the 52-week high.


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Insider Transactions

2 days have passed since Apollo Global Management Inc. (APO) last reported insider trading activity. HARRIS JOSHUA, who is Director, most recently acquired $51,516 shares at $65.86 per share on Oct 12. In this transaction, the insider spent $3,392,846. Director, HARRIS JOSHUA, disposed of 59,644 shares at a price of $66.11 on Oct 11. The insider now owns more than $3,942,858 worth of shares. Prior to that, Director HARRIS JOSHUA went on to Sale 55,847 shares at $64.98 each on Oct 08. An amount of $3,628,992 was transacted.

Valuation Metrics

Apollo Global Management Inc. (APO) has a trailing price-to-earnings (P/E) ratio of 7.56, which compares with the 20.50 for the broader industry and 12.72 for the sector. In the last five years, Apollo Global Management Inc.’s PE ratio has ranged between 157.42 and 6.118. The stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.64, the price-to-book (PB) ratio at 8.42.

Apollo Global Management Inc. pays a $2.00 dividend per share annually. It offers a dividend yield of 3.03%. The company has a payout ratio of 24.00%. The company’s most recent quarterly dividend payment took place on Aug. 31, and it was $0.50 a share, without any change from last year. Its latest decrease dividend $0.10 reported on Tuesday May 4 2021. Dividends have grown by 24.86% each year over the last three years.

Apollo Global Management Inc. will next go ex-dividend on 22-Nov. The next dividend payment Apollo Global Management Inc. will make is expected to be $0.50.

Further, the company has a long term debt to equity ratio of 7.58 and a total debt to equity ratio of 7.58 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin 5-year average of 56.0%. Its gross profit as reported stood at $1.58 billion compared to revenue of $2.35 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Apollo Global Management Inc.’s return on assets was 8.30%, compared to 5.5% over the last five years. In the past year, the return on investment has been 4.50%, and the 5-year average is 10.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been 174.30% and the 5-year average holds at 37.4%. For the broader industry, ROE averaged 10.74 over the past year.

Earnings Surprise

The analyst consensus anticipated Apollo Global Management Inc.’s latest quarter earnings to come in at $0.7 per share, but it turned out to be $1.14, a 62.90% surprise. For the quarter, EBITDA amounted to $677.33 million. Shareholders own equity worth $235.53 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Apollo Global Management Inc. (APO) price momentum. RSI 9-day as of the close on 13 October was 68.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.87%.

As of today, APO’s price is $65.26 +5.48% or $3.43 from its 5-day moving average. APO is currently trading +4.79% higher than its 20-day SMA and +14.99% higher than its 100-day SMA. However, the stock’s current price level is +8.87% above the SMA50 and +36.56% above the SMA200.

The stochastic %K and %D were 87.60% and 88.34%, respectively, and the average true range (ATR) was 1.89. With the 14-day stochastic at 90.58% and the average true range at 1.84, the RSI (14) stands at 64.16%. The stock has reached 2.33 on the 9-day MACD Oscillator while the 14-day reading was at 2.80.

Analyst Ratings

Oppenheimer upgraded Apollo Global Management Inc. (NYSE: APO) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Perform.The consensus rating for Apollo Global Management Inc. (APO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APO, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is APO’s price target for the next 12 months?

Analysts predict a range of price targets between $57.00 and $80.00, with a median target of $67.50. Taking a look at these predictions, the average price target given by analysts for Apollo Global Management Inc. (APO) stock is $68.90.

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