Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Apollo Global Management Inc before investing.

In this article, we go over a few key elements for understanding Apollo Global Management Inc’s stock price such as:

• Apollo Global Management Inc’s current stock price and volume
• Why Apollo Global Management Inc’s stock price changed recently
• Upgrades and downgrades for APO from analysts
• APO’s stock price momentum as measured by its relative strength

About Apollo Global Management Inc (APO)

Before we jump into Apollo Global Management Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Apollo Global Management, Inc. is a global alternative asset manager, which offers asset management and retirement services solutions. The Company?s asset management business is engaged in raising, investing and managing funds, accounts and other vehicles, on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The asset management business is focused on three investing strategies: yield, hybrid and equity. It operates the yield franchise that spans the full financing universe across private and public markets. Its hybrid strategies provide companies, financial sponsors and intermediaries with capital solutions responsive to their needs. Its equity franchise supports management teams, business transformation and growth under its funds? ownership. The Company?s retirement services business is operated by Athene, which provides a suite of retirement savings products and acts as a solutions provider to institutions.

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Apollo Global Management Inc’s Stock Price as of Market Close

As of October 19, 2023, 4:00 PM, CST, Apollo Global Management Inc’s stock price was $83.38.

Apollo Global Management Inc is down 4.44% from its previous closing price of $87.25.

During the last market session, Apollo Global Management Inc’s stock traded between $86.02 and $87.74. Currently, there are 578.98 million shares of Apollo Global Management Inc stock available for purchase.

Apollo Global Management Inc’s price-earnings (P/E) ratio is currently at 40.9, which is high compared to the Investment Management & Fund Operators industry median of 12. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Apollo Global Management Inc Stock Price History

Apollo Global Management Inc’s (APO) price is currently down 7.11% so far this month.

During the month of October, Apollo Global Management Inc’s stock price has reached a high of $91.11 and a low of $83.05.

Over the last year, Apollo Global Management Inc has hit prices as high as $93.18 and as low as $48.63. Year to date, Apollo Global Management Inc’s stock is up 15.12%.

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What Caused Apollo Global Management Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 18, 2023, there were 8 analysts who downgraded Apollo Global Management Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Apollo Global Management Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Apollo Global Management Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Apollo Global Management Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Apollo Global Management Inc (APO) by visiting AAII Stock Evaluator.

Relative Price Strength of Apollo Global Management Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 18, 2023, Apollo Global Management Inc has a weighted four-quarter relative price strength of 11.73%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

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Apollo Global Management Inc Stock Price: Bottom Line

As of October 19, 2023, Apollo Global Management Inc’s stock price is $83.38, which is down 4.44% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Apollo Global Management Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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