The stock of Apollo Global Management Inc. (NYSE: APO) increased by $1.29 on Tuesday to at $84.93, up 1.54 percent. The last five days have seen an average of 1,475,405 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $21.14. The average number of shares traded over the last 20 days was 2,394,206, while the average volume over the last 50 days totaled 2,224,187.
APO stock appreciated 3.93% since last month. On 08/18/23, the company’s shares reached a one-month low of $78.39. The stock touched a high of $87.82 on 08/04/23, after rallying from a low of $45.62 in 52 weeks. The price of APO stock has risen by 33.13% or $21.14 this year, reaching a new high 27 times. Still, the stock price is down -3.30% from the 52-week high.
Insider Transactions
APO stock investors should be aware that Apollo Global Management Inc. (APO) stock had its last reported insider trading activity 47 days ago on July 13. On July 13, Co-President Zelter James C sold 60,779 shares at $79.22 each. This transaction resulted in the insider making $4,814,937. On July 12, Zelter James C sold 23,752 shares at a price of US$78.82. After the transaction, the insider now owns 5,716,630 shares. Co-President Zelter James C had earlier sold 35,777 shares on July 11 for $77.93 a share. The transaction was completed for $2,788,155.
Valuation Metrics
Apollo Global Management Inc. (APO) has a trailing price-to-earnings (P/E) ratio of 39.78. Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 5.98, and the price-to-cash flow ratio of 5.71.
Company paid $0.43 per share in dividends, remained unchanged from $0.43 last year. A $0.03 dividend increase was reported on Tuesday May 9 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.82, and the total debt to equity ratio is 0.82. Apollo Global Management Inc.’s operating margin stood at 11.40% for the same period. Based on annual data, it had gross profit of $2.72 billion and revenue of $3.55 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. APO’s return on assets (ROA) during the last 12 months has been 0.50%. There was a -36.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.00%.
Earnings Surprise
According to Apollo Global Management Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.98 billion, while revenues rose by 100.0% to $0.0. It was predicted that Apollo Global Management Inc.’s quarterly earnings would be $1.7, but it ended up being $1.65, beating the consensus by 3.00%. EBITDA was $308.08 million for the quarter. At the end of Apollo Global Management Inc.’s most recent quarter ended June 29, its liabilities totaled 9.83 billion, while its total debt was $22.07 billion. Equity owned by shareholders amounts to $1000.0.
Technical Picture
Here’s a quick look at Apollo Global Management Inc.’s (APO) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 68.58%, suggesting the stock is Neutral, with a 43.54% historical volatility rate.
The stochastic %K and %D were 88.22% and 72.66% respectively, while the average true range (ATR) was 1.72. Based on the 14-day stochastic reading of 100.00%, the RSI (14) reading is 64.33%. On the 9-day MACD Oscillator, the stock is at 1.60, and the 14-day reading is at 2.01.
Analyst Ratings
In its analyst report released on May 19, 2023, Citigroup began covering Apollo Global Management Inc. (NYSE: APO). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Apollo Global Management Inc. (APO) an Overweight rating. APO is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is APO’s price target for the next 12 months?
The current consensus forecast for the stock is between $86.00 and $104.00, with a median target price of $96.00. In analyzing these forecasts, the average price target given by analysts for Apollo Global Management Inc. (APO) is $94.71.
