Apollo Global Management Inc. [APO] Stock trading around $58.96 per share: What’s Next?

Apollo Global Management Inc. [NYSE: APO] gained 1.50% or 0.87 points to close at $58.96 with a heavy trading volume of 2412341 shares. The company report on August 22, 2022 that FCC approves sale of Lumen assets to Brightspeed.

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Transaction will bring new broadband investment to 20-state region.

The Federal Communications Commission (FCC) has approved the previously announced sale of Lumen Technologies’ (NYSE: LUMN) incumbent local exchange carrier (ILEC) business in 20 states to Brightspeed.

It opened the trading session at $58.04, the shares rose to $59.2085 and dropped to $58.02, the range by which the price of stock traded the whole day. The daily chart for APO points out that the company has recorded -5.06% loss over the past six months. However, it is still -28.26% lower than its most recent low trading price.

If we look at the average trading volume of 2.80M shares, APO reached to a volume of 2412341 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Apollo Global Management Inc. [APO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APO shares is $69.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Apollo Global Management Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on July 19, 2022. The new note on the price target was released on April 13, 2022, representing the official price target for Apollo Global Management Inc. stock. Previously, the target price had yet another raise to $91, while Wells Fargo analysts kept a Overweight rating on APO stock.

The Average True Range (ATR) for Apollo Global Management Inc. is set at 1.60, with the Price to Sales ratio for APO stock in the period of the last 12 months amounting to 6.36. The Price to Book ratio for the last quarter was 9.37, with the Price to Cash per share for the same quarter was set at 22.33.

Trading performance analysis for APO stock

Apollo Global Management Inc. [APO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.47. With this latest performance, APO shares gained by 10.10% in over the last four-week period, additionally sinking by -5.06% over the last 6 months – not to mention a rise of 2.18% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APO stock in for the last two-week period is set at 57.03, with the RSI for the last a single of trading hit 55.15, and the three-weeks RSI is set at 56.77 for Apollo Global Management Inc. [APO]. The present Moving Average for the last 50 days of trading for this stock 54.08, while it was recorded at 58.36 for the last single week of trading, and 61.59 for the last 200 days.

Apollo Global Management Inc. [APO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Apollo Global Management Inc. [APO] shares currently have an operating margin of +138.03 and a Gross Margin at +99.24. Apollo Global Management Inc.’s Net Margin is presently recorded at +50.91.

Return on Equity for this stock inclined to 69.82, with Return on Assets sitting at 6.70.

Apollo Global Management Inc. [APO]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apollo Global Management Inc. go to 17.91%.

An analysis of insider ownership at Apollo Global Management Inc. [APO]

There are presently around $19,222 million, or 56.50% of APO stock, in the hands of institutional investors. The top three institutional holders of APO stocks are: VANGUARD GROUP INC with ownership of 31,236,974, which is approximately -16.421% of the company’s market cap and around 16.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 30,994,752 shares of the stock with an approximate value of $1.83 billion in APO stocks shares; and BLACKROCK INC., currently with $1.62 billion in APO stock with ownership of nearly 13.475% of the company’s market capitalization.

Positions in Apollo Global Management Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 356 institutional holders increased their position in Apollo Global Management Inc. [NYSE:APO] by around 47,329,594 shares. Additionally, 269 investors decreased positions by around 28,595,815 shares, while 104 investors held positions by with 250,086,135 shares. The mentioned changes placed institutional holdings at 326,011,544 shares, according to the latest SEC report filing. APO stock had 115 new institutional investments in for a total of 16,525,209 shares, while 101 institutional investors sold positions of 5,013,417 shares during the same period.


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