The stock of Apollo Global Management Inc (NYSE:APO) last traded at $167.44, down -5.04% from the previous session.
APO stock price is now 5.00% away from the 50-day moving average and 32.87% away from the 200-day moving average. The market capitalization of the company currently stands at $94.74B.
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With the price target of $188, Piper Sandler recently initiated with Overweight rating for Apollo Global Management Inc (NYSE: APO). On September 25, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $139, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Zelter James C, insider sold 500,000 shares of the company’s stock on Dec 09 ’24. The stock was sold for $86,950,875 at an average price of $173.90. Upon completion of the transaction, the insider now directly owns 161,232 shares in the company, valued at $27.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, Chief Financial Officer Kelly Martin sold 10,000 shares of the business’s stock. A total of $1,736,634 was realized by selling the stock at an average price of $173.66. This leaves the insider owning 307,019 shares of the company worth $51.41 million. A total of 29.38% of the company’s stock is owned by insiders.
During the past 12 months, Apollo Global Management Inc has had a low of $89.76 and a high of $189.49. According to the stock market information, the enterprise value for the company is $109983309824, which is based on a 17.62 price-to-earnings ratio, a 1.07 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for APO is $158.8358 and a two-hundred day moving average price translates $125.72555 for the stock.
The latest earnings results from Apollo Global Management Inc (NYSE: APO) was released for 2024-09-30. The net profit margin was 17.71% and return on equity was 44.00% for APO. The company reported revenue of $7.77 billion for the quarter, compared to $2.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 199.54 percent. For the current quarter, analysts expect APO to generate $956.12M in revenue.
