Apollo Global Management Inc. [NYSE: APO] jumped around 2.26 points on Wednesday, while shares priced at $59.43 at the close of the session, up 3.95%. The company report on November 2, 2022 that Apollo Reports Third Quarter 2022 Results.
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Marc Rowan, Chief Executive Officer at Apollo said, “Our strong third quarter results affirm the stability and resilience of Apollo’s differentiated business model, generating record quarterly fee related earnings and rising spread related earnings. Our disciplined investment philosophy and compelling product offerings continue to resonate with clients, with year-to-date inflows of $100 billion meaningfully surpassing our initial full year target. Our global team has already delivered significant progress in executing the strategic growth plan we unveiled at Investor Day one year ago and we have tremendous momentum as we approach the year ahead.”.
Apollo Global Management Inc. stock is now -17.95% down from its year-to-date (YTD) trading value. APO Stock saw the intraday high of $61.70 and lowest of $58.01 per share. The company’s 52-week high price is 78.77, which means current price is +30.27% above from all time high which was touched on 01/05/22.
Compared to the average trading volume of 2.48M shares, APO reached a trading volume of 5074524 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $65.27 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 2.20. 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.
Credit Suisse have made an estimate for Apollo Global Management Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 19, 2022. The new note on the price target was released on September 23, 2022, representing the official price target for Apollo Global Management Inc. stock. Previously, the target price had yet another raise to $70, while Barclays analysts kept a Overweight rating on APO stock. On July 19, 2022, analysts decreased their price target for APO shares from 81 to 60.
The Average True Range (ATR) for Apollo Global Management Inc. is set at 2.29, with the Price to Sales ratio for APO stock in the period of the last 12 months amounting to 6.12. The Price to Book ratio for the last quarter was 9.45, with the Price to Cash per share for the same quarter was set at 23.38.
How has APO stock performed recently?
Apollo Global Management Inc. [APO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.77. With this latest performance, APO shares gained by 14.44% in over the last four-week period, additionally plugging by 10.75% over the last 6 months – not to mention a drop of -22.23% 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 71.75, with the RSI for the last a single of trading hit 81.29, and the three-weeks RSI is set at 65.12 for Apollo Global Management Inc. [APO]. The present Moving Average for the last 50 days of trading for this stock 53.05, while it was recorded at 56.38 for the last single week of trading, and 56.91 for the last 200 days.
Apollo Global Management Inc. [APO]: Deeper insight into the fundamentals
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.
Earnings analysis for Apollo Global Management Inc. [APO]
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 18.59%.
Insider trade positions for Apollo Global Management Inc. [APO]
There are presently around $19,162 million, or 56.30% 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 16.00% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 30,994,752 shares of the stock with an approximate value of $1.84 billion in APO stocks shares; and BLACKROCK INC., currently with $1.64 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 November and at the time of the November reporting period, where 333 institutional holders increased their position in Apollo Global Management Inc. [NYSE:APO] by around 36,662,432 shares. Additionally, 265 investors decreased positions by around 30,426,784 shares, while 108 investors held positions by with 255,333,141 shares. The mentioned changes placed institutional holdings at 322,422,357 shares, according to the latest SEC report filing. APO stock had 84 new institutional investments in for a total of 6,203,964 shares, while 89 institutional investors sold positions of 4,797,686 shares during the same period.