At the time of writing, Apollo Global Management Inc [APO] stock is trading at $116.06, up 1.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The APO shares have gain 3.19% over the last week, with a monthly amount glided 4.64%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, MidCap Financial Investment Corporation, Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Announce Filing of Definitive Joint Proxy Statement / Prospectus Relating to Previously Announced Proposed Mergers. In a post published today on Yahoo Finance, Record Dates Set and Special Meetings of Stockholders Scheduled.
From an analyst’s perspective:
Previously, TD Cowen started tracking the stock with Outperform rating on January 04, 2024, and set its price target to $115. Oppenheimer downgraded its rating to a Perform. Citigroup initiated its recommendation with a Buy and recommended $80 as its price target on May 19, 2023. Keefe Bruyette upgraded its rating to Outperform for this stock on February 10, 2023, and upped its price target to $88. In a note dated January 03, 2023, Keefe Bruyette downgraded an Mkt Perform rating on this stock but restated the target price of $77.
For the past year, the stock price of Apollo Global Management Inc fluctuated between $57.50 and $116.55. Currently, Wall Street analysts expect the stock to reach $85.91 within the next 12 months. Apollo Global Management Inc [NYSE: APO] shares were valued at $116.06 at the most recent close of the market. An investor can expect a potential drop of -25.98% based on the average APO price forecast.
Analyzing the APO fundamentals
According to Apollo Global Management Inc [NYSE:APO], the company’s sales were 33.07B for trailing twelve months, which represents an 126.96% jump. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.56%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.54 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 115.08 points at the first support level, and at 114.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.74, and for the 2nd resistance point, it is at 117.43.
Apollo Global Management Inc [APO] reported earnings per share of $1.91 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.72/share, meaning a difference of $0.19 and a surprise factor of 11.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.71 per share as compared to estimates of $1.77 per share, a difference of -$0.06 representing a surprise of -3.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.77, the price to book ratio is 5.21 and price to earnings (TTM) ratio is 13.84.
Transactions by insiders
Recent insider trading involved BLACK LEON D,, that happened on Mar 19 ’24 when 0.45 million shares were sold. Co-President (), KLEINMAN SCOTT completed a deal on Mar 01 ’24 to sell 0.18 million shares. Meanwhile, Co-President () KLEINMAN SCOTT sold 32235.0 shares on Mar 01 ’24.
