1. Apollo Global Management, Inc. (NYSE:APO)
PE Ratio as of April 12: 13.13
Revenue Growth (5-year): 117.61%
Number of Hedge Fund Holders: 77
Apollo Global Management, Inc. (NYSE:APO) is a New York-based private equity firm that makes investments in credit, private equity, and real estate markets. As of April 12, the stock has a PE ratio of 13.13.
Apollo Global Management, Inc. (NYSE:APO) takes the top spot among the ridiculously cheap stocks to buy now and hold for the long term. According to our database, 77 hedge funds held stakes in the stock in Q4 of 2023, with positions worth $4.81 billion.
On April 8, Barclays analyst Benjamin Budish raised the price target on Apollo Global Management, Inc. (NYSE:APO) to $133 from $122 and maintained an Overweight rating on the shares. Furthermore, Apollo Global Management, Inc. (NYSE:APO) has experienced a revenue growth of 117.61% over the last five years.
Ave Maria made the following comment about Apollo Global Management, Inc. (NYSE:APO) in its Q3 2023 investor letter:
“Apollo Global Management, Inc. (NYSE:APO) was added to the Fund this quarter. Historically, Apollo has excelled in traditional leveraged buyout and leveraged loan markets, establishing itself as a premier buyout firm. In 2009, Apollo launched Athene, a retirement services provider specializing in fixed-rate annuities. Athene quickly ascended to become the leading fixed-rate annuity provider in the US, providing Apollo with nearly a half a trillion dollars of perpetual capital to invest. Apollo predominantly invests this capital in investment-grade private credit, sourcing investment opportunities through 16 origination platforms. These platforms deploy capital into aircraft financing, fleet financing, senior debt, non-agency home loans, and other assets. The investment grade credit market is vast – estimated at $40 trillion. By leveraging Athene’s liability origination capabilities and the asset origination capabilities of Apollo’s various platforms, Apollo is poised to grow to over $1 trillion in AUM over the next five years.
We are confident that these three alternative investment managers will grow their respective businesses substantially over the next five years. This should provide ample growth in their stock prices and, consequently, the Fund’s positions in them.”
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Should you invest $1,000 in Apollo Global Management, Inc. (NYSE:APO) right now?
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