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Big Money Jumping into Apollo Shares

By:
Lucas Downey
Published: Oct 11, 2024, 20:54 GMT+00:00

Growth plans, earnings expansion send shares of asset manager Apollo Global Management, Inc. (APO) higher.

Bull on the Street, FX Empire

In this article:

Apollo is a global asset management company that manages wealth and provides capital to businesses. Its solutions cover the risk-reward spectrum, from investment grade to private equity. And make no mistake, APO has been busy acquiring businesses of late, building on its nearly $700 billion in assets under management.

On the financial front, APO recently put out guidance for $15 per share in after-tax net income in 2029. That is based on a 20% average annual rise in fee-driven revenue through the same year. At that point, the company aims to have $1.5 trillion under management, largely by scaling its private equity business.

It’s no wonder APO shares are up 48% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves Apollo

Institutional volumes reveal plenty. In the last year, APO has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in APO shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of financials names are under accumulation right now. But there’s a powerful fundamental story happening with Apollo.

Apollo Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, APO has had strong sales and earnings growth:

  • 3-year sales growth rate (+153.2%)
  • 3-year EPS growth rate (+713%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +20.5%.

Now it makes sense why the stock has been powering to new heights. APO has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Apollo has been a top-rated stock at MAPsignals for a while. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last four years. The blue bars below show when APO was a top pick…making shares jump:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Apollo Price Prediction

The APO rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in APO at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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