Is Apollo Global Management Stock Outperforming the Dow?
Companies valued at $10 billion or more are generally considered 'large-cap' stocks, and Apollo Global Management fits this criterion perfectly. The firm's ability to generate consistent fee-related and spread-related earnings, even in volatile markets, reflects its disciplined investment approach and deep credit expertise. Apollo's strong dealmaking capabilities, global expansion, and record asset inflows further reinforce its leadership in the alternative asset space, positioning it for sustained growth and strategic flexibility.
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However, the asset manager has fallen nearly 29.8% from its 52-week high of $189.49 met on Dec. 9. Apollo Global Management shares have declined 3.2% over the past three months, lagging behind the broader Dow Jones Industrial Average's ($DOWI) 1.4% rise during the same time frame.
APO shares have declined 19.4% year-to-date, underperforming the Dow Jones Industrial Average's marginal pullback during the same period. However, over the past 12 months, Apollo Global Management has delivered a solid 13.4% return, outpacing the Dow's 8.6% gain and showcasing its longer-term strength.
APO has been trading below its 200-day moving averages since late March but has edged above the 50-day moving average since early June.
Apollo Global's shares slipped 1.8% on May 2 after posting Q1 results that weighed on investor sentiment. A significant drag came from its Retirement Services unit, which recorded $828 million in investment-related losses, marking a sharp contrast to the $1.7 billion gain reported in the prior-year quarter. As a result, total revenue fell 21.2% year-over-year to $5.5 billion. While adjusted net income rose 5.2% to $1.1 billion, the figure missed Wall Street estimates, contributing to the market's muted reaction.
However, in contrast, rival Blackstone Inc. (BX) has underperformed APO, dipping 20.3% on a YTD basis, and 11.9% rise over the past year
Thanks to APO's strong performance over the past year, analyst sentiment remains decidedly bullish. Of the 22 analysts tracking the stock, the consensus rating is a 'Strong Buy,' with a mean price target of $159.90 indicating a potential upswing of 20.1% from the current market prices.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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