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Apollo Global Management Inc

Apollo Global Management Inc

APO
$128.98USD↑+0.84%+1.07 today

MARKET CAP

76.2B

P/E (TTM)

14.7x

FWD P/E

12.9x

DAY RANGE

$128 – $131

52W RANGE

$100
$153

AI Summary

Stalk
TrimMedium

APO’s price is consolidating between key moving average zones, with recent support at the 200-day SMA holding but overall average convergence pointing to a neutral-to-mildly bearish medium-term environment. Daily momentum is subdued after a bounce, suggesting that trimming on rallies into the 50-day/20-day SMA area around the mid-range offers lower-risk exits. A decisive break and follow-through below the 200-day SMA would validate further bearish extension.

  • ↑Fee-Related Earnings hit record $785M (+25% YoY), driving earnings growth.
  • ↑Origination volume reached $74B in Q2, bolstering pipeline strength.
  • ↓Negative profitability factors indicate weaker return generation capacity.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Apollo Global Management, Inc. (NYSE: APO) is a leading global alternative investment manager, specializing in private equity, credit, and real estate investments. The firm has established a solid market position, wielding significant origination capabilities and managing a vast sum of assets under management (AUM). Apollo is strategically positioned within the growing retirement solutions market through its subsidiary Athene, addressing the burgeoning demand for income-generating products amidst demographic changes.

Bull says

  • ↑Fee-Related Earnings hit record $785M (+25% YoY), driving earnings growth.
  • ↑Origination volume reached $74B in Q2, bolstering pipeline strength.
  • ↑AUM climbed to $1T, reflecting sustained capital inflows.
  • ↑Athene unit attracted $21B organic inflows amid rising retirement demand.
  • ↑High earnings yield and favorable interest-rate sensitivity enhance returns.
  • ↑Strategic acquisitions (Athene, private jet) diversify revenue streams.

Bear says

  • ↓Negative profitability factors indicate weaker return generation capacity.
  • ↓Intense annuities competition may compress margins in key segments.
  • ↓Expansion execution risk in Athene integration and new markets.
  • ↓Shares trade ~3.9% above GF Value, indicating valuation risk.
  • ↓Negative liquidity factors risk cash flow under tightening markets.
  • ↓Capital market volatility and regulatory shifts could curb origination.

Investment themes with APO

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM
High Beta↓ -0.84%

Stocks with high volatility relative to market

AMD · DELL · MPWR
Alternative Asset Managers↓ -2.08%

BX · BN · KKR

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-06-2026neutral

Transcript signals

Bull points

  • As the quarter progressed, confidence returned, markets reopened, and risk assets recovered.
  • In particular, I would highlight the performance of our high-grade capital solutions business, where we originated more than $8 billion across four transactions including transactions for AES, BP, Mumbai Airport, and EDF, which I will touch on shortly.
  • In aggregate, as Mark mentioned, we originated 81 billion of assets during the quarter, representing nearly a 50% growth year-over-year.

Bear points

  • I don't think the realization cycle is unique to any one firm.
  • While things available to others in the public markets and in near adjacent markets like CLOs tightened extraordinarily, we were able to keep spreads where we needed them and to earn the returns we needed them.
  • Why isn't the business growing faster? The business is not growing faster because the profitability of what we had done in the COVID era was just extraordinary. And so what you're watching is the business itself is incredibly healthy, and we're just amortizing, if you will, the flow through of the business that took place in the COVID era.
Read full transcript analysis ›