APO Stock Recent News

LOS ANGELES--(BUSINESS WIRE)--InvestCloud, a global leader in wealth technology, today announced a founding partnership with Apollo (NYSE: APO) to activate the Private Markets Account Network (PMA Network), which was launched with the first-of-its-kind Private Markets Account (PMA) in December 2024. Only available from InvestCloud, the PMA combines public and private assets within a single, unified platform to enable a seamless wealth management experience for financial advisors and their clien.

The article considers reallocating portfolios toward fixed-income securities, highlighting Athene Holding Ltd.'s 7.25% Rate Reset Junior Subordinated Debentures due 2064 as a safer investment with attractive yields. Athene Holding Ltd.'s financial stability and low-leveraged capital structure make its debt issues appealing, despite the common shares not being listed. The debentures offer a 7.09% yield-to-call, with interest resetting every five years based on the five-year US Treasury rate plus a 2.986% spread.

WEST DES MOINES, Iowa, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Athene Holding Ltd. (“Athene”), today announced that former U.S. Senator Joseph Manchin III has been named an adviser to Apollo and appointed to the Athene Board of Directors, effective February 3, 2025. Senator Manchin will provide advisory services to Apollo on various matters including energy markets, given the firm's leading role in providing capital to enable the global industrial renaissance.

Apollo Global Management, Inc.'s recent earnings call showed strong metrics, with FRE and SRE growth aligning with forecasts, despite APO stock being 25% above my valuation range. My model values APO at $96-130, suggesting a conservative approach compared to Ares, which trades at higher multiples. CEO Marc Rowan confirmed 20% FRE and 10% SRE annual growth, with potential for mid-teen returns if the stock maintains current valuation.

APO's Q4 earnings benefit from a rise in AUM balance, along with lower expenses. However, a decline in revenues remains a concern.

Apollo Global Management, Inc. (NYSE:APO ) Q4 2024 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Jim Zelter - President Martin Kelly - Chief Financial Officer Conference Call Participants Bill Katz - TD Cowen Glenn Schorr - Evercore ISI Patrick Davitt - Autonomous Research Alex Blostein - Goldman Sachs Ken Worthington - JPMorgan Chase Steven Chubak - Wolfe Research Mike Brown - Wells Fargo Craig Siegenthaler - Bank of America Brennan Hawken - UBS Operator Good morning, and welcome to Apollo Global Management's Fourth Quarter and Full-Year 2024 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode and following management's prepared remarks, the conference call will be opened for questions.

The headline numbers for Apollo Global Management (APO) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Apollo Global Management's fourth-quarter profit exceeded expectations on Tuesday, helped by a strong growth in fees and solid performance in its retirement business.

As the global private equity industry took tentative steps toward recovery in 2024, Japan raced ahead. The value of private equity investment in Japan jumped nearly 41% over the prior-year total in 2024, far outpacing the 25% year-over-year gain in global private equity deal value, according to S&P Global Market Intelligence data.

Rising expenses are likely to hurt APO's Q4 earnings, while increased AUM balance is expected to offer some support.