Apollo Global Management Inc (NYSE:APO) shares traded -0.07% lower at $137.92 on Wall Street last session.
APO stock price is now 18.86% away from the 50-day moving average and 23.01% away from the 200-day moving average. The market capitalization of the company currently stands at $109.22B.
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With the price target of $139, Wolfe Research recently initiated with Outperform rating for Apollo Global Management Inc (NYSE: APO). On September 12, 2024, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $132, while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, MJH Partners III LLC, Affiliate bought 500,000 shares of the company’s stock on Oct 02 ’24. The stock was bought for $66,005,000 at an average price of $132.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Affiliate MJH Partners III LLC bought 500,000 shares of the business’s stock. A total of $62,455,000 was incurred on buying the stock at an average price of $124.91. A total of 49.32% of the company’s stock is owned by insiders.
During the past 12 months, Apollo Global Management Inc has had a low of $77.11 and a high of $138.07. According to the stock market information, the enterprise value for the company is $94829166592, which is based on a 14.81 price-to-earnings ratio, a 0.99 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for APO is $116.0396 and a two-hundred day moving average price translates $112.12365 for the stock.
The latest earnings results from Apollo Global Management Inc (NYSE: APO) was released for 2024-06-30. The net profit margin was 20.63% and return on equity was 48.19% for APO. The company reported revenue of $6.02 billion for the quarter, compared to $13.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -56.08 percent.
