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 Present at the Bank of America Securities 2024 Financial Services Conference

Rhea-AI Summary
Apollo's Chief Financial Officer to participate in a fireside chat at the Bank of America Securities Financial Services Conference on February 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.46%
Tags
conferences
-
News

Apollo Names Industry Veteran Harry Seekings Co-Head of Infrastructure

Rhea-AI Summary
Apollo (APO) appoints Harry Seekings as Co-Head of Infrastructure, bringing over 25 years of industry experience to drive growth in mid-market infrastructure assets. Seekings' proven track record and expertise in managing transnational teams will play a crucial role in Apollo's continued success in the Infrastructure sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
none
-
News

Apollo Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Apollo Global Management, Inc. (APO) reported exceptional results for the fourth quarter and full year ended December 31, 2023, with Fee and Spread Related Earnings growth exceeding 25% and nearly $160 billion of inflows. The company declared a cash dividend of $0.43 per share of its Common Stock for the fourth quarter and a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock. Apollo will host a public audio webcast to review its financial results on February 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
earnings
News

25madison and Apollo Funds Launch 25m Evolve, an Enterprise Software Venture Studio Focused on AI-Native Applications

Rhea-AI Summary
25madison and Apollo (NYSE: APO) have announced the launch of 25m Evolve, an enterprise software venture studio dedicated to incubating AI-native applications. The venture will focus on incubating category-defining startups at the forefront of AI software development, with a focus on building bespoke tech solutions to solve the pain-points of enterprise customers. Through this partnership, 25m Evolve incubations and investments will benefit from operational expertise and capital support to rapidly deploy and scale validated AI-enabled vertical software solutions with enterprise partners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
AI
-
News

Apollo and Athene Announce Partnership with Top-Ranked PGA TOUR Golfer Patrick Cantlay

Rhea-AI Summary
Apollo (APO) announces partnership with PGA TOUR golfer Patrick Cantlay, aiming to deliver asset management and retirement services to a wide range of clients. Cantlay, ranked fifth in the Official World Golf Rankings, is an eight-time winner on the PGA TOUR and has achieved significant career milestones, including winning the 2021 FedEx Cup Championship and retaining his BMW Championship title in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
partnership
-
News

Jason Howard Launches New Catalyst Strategic Partners

Rhea-AI Summary
New Catalyst Strategic Partners (New Catalyst) has been launched with support from and in strategic partnership with Apollo (NYSE: APO). The firm provides seed and growth capital to emerging, developing, and diverse firms, focusing on Next Generation GPs led by experienced investors. New Catalyst offers various solutions, including seeding new private market firms, acceleration capital for existing private market firms, co-sponsoring company acquisitions, and providing catalytic growth capital for launching new investment strategies. The firm aims to serve as a catalyst for the industry by providing resources, advice, and bespoke solutions to foster innovation and growth. With a founding support from Apollo, New Catalyst is committed to providing day-one capital and support to its partner firms to fuel innovation and provide differentiated strategies while helping more GPs succeed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
News

Energos Infrastructure Announces Transformative Marine LNG Asset Transaction with Long Term Charter Contracts in Germany

Rhea-AI Summary
Energos Infrastructure (APO) completes acquisition of two state-of-the-art FSRUs from Dynagas, becoming the largest owner and operator of LNG marine infrastructure vessels in Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
none
-
News

Apollo to Announce Fourth Quarter and Full Year 2023 Financial Results on February 8, 2024

Rhea-AI Summary
Apollo (NYSE: APO) plans to release financial results for the fourth quarter and full year 2023 on Thursday, February 8, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event. Apollo distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
Tags
earnings
-
News

Apollo Adds ELTIF to Wealth Product Platform Following CSSF Regulatory Approval

Rhea-AI Summary
Apollo (NYSE: APO) announced the launch of the Apollo Clean Transition Equity ELTIF to provide European investors with greater access to private equity opportunities focused on the transition to clean energy and sustainable industry. The Fund will be accessible to European investors in their local currency and will be fully funded at launch. The launch supports Apollo's goal of deploying $50B in clean energy and climate capital by 2027. Over the last five years, Apollo-managed funds have deployed over $23 billion into energy transition and sustainability-related investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none
News

Apollo to Present at the Goldman Sachs 2023 US Financial Services Conference

Rhea-AI Summary
Apollo (NYSE: APO) CEO Marc Rowan to Participate in Fireside Chat at Goldman Sachs 2023 US Financial Services Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
conferences

FAQ

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

The current stock price of Apollo Global Management (APO) is $174.37 as of December 26, 2024.

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

The market cap of Apollo Global Management (APO) is approximately 98.1B.

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

#124 Ranked by Market Cap
#1795 Ranked by Dividends

APO Stock Data

98.11B
414.39M
26.66%
61.49%
4.8%
Asset Management
Investment Advice
Link
United States of America
NEW YORK