The price of Apollo Global Management Inc (NYSE:APO) shares last traded on Wall Street rose 0.06% to $118.07.
APO stock price is now 3.78% away from the 50-day moving average and 16.30% away from the 200-day moving average. The market capitalization of the company currently stands at $93.44B.
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On January 04, 2024, TD Cowen recently initiated its ‘Outperform’ rating on the stock quoting a target price of $115, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Kelly Martin, Chief Financial Officer sold 30,000 shares of the company’s stock on May 08 ’24. The stock was sold for $3,338,687 at an average price of $111.29. Upon completion of the transaction, the Chief Financial Officer now directly owns 359,445 shares in the company, valued at $42.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’24, BLACK LEON D sold 450,000 shares of the business’s stock. A total of $49,817,790 was realized by selling the stock at an average price of $110.71. This leaves the insider owning 42,604,773 shares of the company worth $5.03 billion. A total of 48.78% of the company’s stock is owned by insiders.
During the past 12 months, Apollo Global Management Inc has had a low of $73.77 and a high of $119.69. According to the stock market information, the enterprise value for the company is $79304294400, which is based on a 13.18 price-to-earnings ratio, a 0.78 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for APO is $113.9812 and a two-hundred day moving average price translates $101.65775 for the stock.
The latest earnings results from Apollo Global Management Inc (NYSE: APO) was released for 2024-03-31. The net profit margin was 15.41% and return on equity was 47.40% for APO. The company reported revenue of $7.04 billion for the quarter, compared to $5.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.81 percent.
