10 High Growth Financial Stocks To Invest In

1. Apollo Global Management, Inc. (NYSE:APO)

5-Year Revenue Growth: 77.12%

Number of Hedge Fund Holders: 82

Apollo Global Management, Inc. (NYSE:APO) is a global investment firm that specializes in managing alternative assets and providing retirement services. Investors like the revenue mix of the firm which originates from its position as an asset management operations and annuity provider.

On January 14, Micheal Brown, an analyst at Wells Fargo maintained a Buy rating on the stock, with a price target of $191. The management of Apollo Global Management, Inc. (NYSE:APO) has been focused on following its 5-year plan, which entails an average annual growth of 20% in its Fee-Related Earnings and 10% in supplemental revenue earnings.

During the fiscal third quarter of 2024, the firm delivered results that were in alignment with its plan. The firm achieved record fee-related earnings of $1.5 billion and also grew its credit management fees by 20%. The growth was driven by a strong demand for its credit products. Apollo Global Management, Inc. (NYSE:APO) is one of the high-growth financial stocks to invest in.

Baron FinTech Fund stated the following regarding Apollo Global Management, Inc. (NYSE:APO) in its Q2 2024 investor letter:

“Strength in Tech-Enabled Financials was broad based, led by gains from alternative asset manager Apollo Global Management, Inc. (NYSE:APO) and specialty insurer Arch Capital Group Ltd. Apollo continues to benefit from disruptive trends in financial services, most notably the shift of retirement assets into higher-yielding private credit given the company’s dual role as an asset manager and an annuity provider. “

While we acknowledge the potential of Apollo Global Management, Inc. (NYSE:APO) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than APO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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