STOCK TITAN
  1. Home
  2. News
  3. APO

Apollo Global Management, Inc. - APO STOCK NEWS

Welcome to our dedicated page for Apollo Global Management news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Management stock.

Apollo Global Management, Inc. (NYSE: APO) is a premier alternative investment manager that specializes in private equity, credit, and real estate, with expertise in distressed asset situations. Founded in 1990, Apollo is known for its contrarian, value-oriented investment approach. The company operates across various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.

As of December 31, 2023, Apollo managed approximately $651 billion in assets. The firm generates the majority of its revenue from its Retirement Services segment through Athene, a leading provider of retirement savings products. Apollo's integrated business model sets it apart, enabling seamless capital deployment across a diverse portfolio.

Recently, Apollo has made significant strides in renewable energy investments. For example, Great Bay Renewables, a joint venture with Apollo funds, entered into a $10.1 million facility with Hexagon Energy to support solar development projects totaling 1,500 MWac in the MISO interconnection queue.

Apollo has also expanded its international footprint through strategic acquisitions and partnerships. The firm recently acquired a majority stake in Panasonic Automotive Systems Corporation, aiming to accelerate growth in the advanced automotive solutions sector. Additionally, Apollo formed a partnership with MassMutual, making MassMutual a minority equity owner in ATLAS SP Partners.

Financially robust, Apollo continues to innovate in capital solutions, having secured transactions like its $1.85 billion acquisition of U.S. Silica Holdings, Inc. This move further diversifies Apollo's investment portfolio and fortifies its presence in the industrial minerals sector.

News

Apollo to Announce Third Quarter Financial Results on November 1, 2023

Rhea-AI Summary
Apollo (NYSE: APO) to release Q3 2023 financial results on Nov 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
earnings
-
News

Apollo Marks One-Year Anniversary of Apollo Academy

Rhea-AI Summary
Apollo celebrates one-year anniversary of Apollo Academy, a knowledge center for financial professionals, showcasing commitment to global wealth platform. Apollo's Global Wealth business raised $6 billion in capital in 2022 and continues to see strong demand. Investment in Apollo Academy demonstrates efforts to educate investors about the benefits of alternatives in portfolios.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
none
-
News

Kimbell Royalty Partners Closes $455 Million Acquisition of Permian and Mid-Con Mineral and Royalty Interests in Cash Transaction

Rhea-AI Summary
Kimbell Royalty Partners, LP has closed the purchase of mineral and royalty interests for $455 million. The Acquired Assets are estimated to produce approximately 4,840 Boe/d as of June 1, 2023, and 5,049 Boe/d for the full year 2024. The assets are concentrated in the Permian Basin (64% of reserve value) and Mid-Continent (36% of reserve value).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
acquisition
News

Shutterfly Names Jan Paul Teuwen Chief Financial Officer

Rhea-AI Summary
Shutterfly appoints Jan Paul Teuwen as Senior VP and CFO, effective Sept 11, 2023. Teuwen's operational know-how and global manufacturing experience position the company for growth. Teuwen will oversee all financial operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
none
-
News

Apollo to Present at Barclays Financial Services Conference

Rhea-AI Summary
Apollo's CFO, Martin Kelly, will participate in a fireside chat at the Barclays Financial Services Conference on September 12, 2023 at 9:45 am ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
conferences
-
News

Phoenix and Apollo Launch Global Origination Partnership

Rhea-AI Summary
Phoenix Holdings and Apollo announce partnership for deployment and co-investment of assets
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
partnership
News

Apollo Names David Moffatt as Chair of Australia and New Zealand Amid Continued Expansion in the Region

Rhea-AI Summary
Apollo appoints David Moffatt as Chair of operations in Australia and New Zealand
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
none
-
News

Apollo Funds Acquire Composite Advanced Technologies, Inc, a Leading Manufacturer of Transportation and Storage Solutions for Hydrogen and Compressed Natural Gas

Rhea-AI Summary
Apollo acquires majority interest in CATEC, a leading provider of compressed gas solutions. Apollo intends to invest further capital to establish a leading gaseous equipment manufacturing and services platform. CATEC's products support the energy transition and help reduce carbon emissions. Apollo's commitment to clean energy and sustainability is evident in their significant investments in the energy transition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
acquisition
-
News

Total Operations and Production Services (TOPS) Announces Upsized Credit Facility

Rhea-AI Summary
TOPS expands credit facility by 77% to $565 million, adding two new lenders. CEO cites continued growth and ability to serve blue-chip customers. CFO highlights support for low emission, electric compression solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
none
News

Arconic Completes Transaction with Apollo Funds

Rhea-AI Summary
Arconic completes acquisition by Apollo Funds, shareholders receive $30.00 per share in cash. Arconic to continue operations under current name and brand. Positive outlook for continued momentum and success in the aluminum fabrication sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
none

FAQ

What is the current stock price of Apollo Global Management (APO)?

The current stock price of Apollo Global Management (APO) is $167.56 as of November 22, 2024.

What is the market cap of Apollo Global Management (APO)?

The market cap of Apollo Global Management (APO) is approximately 95.5B.

What does Apollo Global Management do?

Apollo Global Management specializes in managing investments in private equity, credit, and real estate. They also manage retirement services through Athene.

How much in assets does Apollo Global Management manage?

As of December 31, 2023, Apollo manages approximately $651 billion in assets.

What sectors does Apollo Global Management invest in?

Apollo invests in various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.

What recent partnerships has Apollo Global Management formed?

Apollo recently partnered with MassMutual, making it a minority equity owner in ATLAS SP Partners. They also entered into a strategic acquisition with Panasonic Automotive Systems Corporation.

What is a significant recent investment by Apollo Global Management?

Apollo recently acquired U.S. Silica Holdings, Inc. for $1.85 billion, further diversifying its investment portfolio.

What is Apollo Global Management's investment philosophy?

Apollo employs a contrarian, value-oriented investment approach with significant expertise in distressed assets.

What is the primary revenue segment for Apollo Global Management?

The majority of Apollo's revenue comes from its Retirement Services segment through Athene.

How does Apollo Global Management support renewable energy?

Apollo has invested in renewable energy projects, such as Great Bay Renewables’ $10.1 million facility with Hexagon Energy for solar developments.

What distinguishes Apollo Global Management from other investment managers?

Apollo's integrated business model allows for seamless capital deployment across a diverse portfolio, setting it apart from other investment managers.

How does Apollo Global Management maintain financial strength?

Apollo maintains financial strength through strategic acquisitions, partnerships, and a focus on innovative capital solutions.

Stock APO logo
Apollo Global Management, Inc.

NYSE:APO

APO Rankings

#135 Ranked by Market Cap
#1744 Ranked by Dividends

APO Stock Data

95.51B
413.52M
26.75%
62.06%
4.83%
Asset Management
Investment Advice
Link
United States of America
NEW YORK