Apollo Global Management (APO) Stock

The alternative and private capital asset management sector is expanding rapidly. PricewaterhouseCoopers predicts that from 2023 to 2028, the amount of alternative assets managed will increase by almost $8 trillion.

The six largest alternative asset managers by market value have achieved an average total return of 206% since the market low in October 2022, while the SPX has only returned 74%. We anticipate that the performance of individual companies will vary greatly in the next few years, making a careful selection process essential for achieving higher returns in 2025. Apollo's forward price-to-earnings ratio of 24.7x is relatively low compared to other alternative asset managers, which are valued at 30x-40x.

On November 18, 2024, Apollo (NYSE: APO) revealed that its Impact and Clean Transition strategies have purchased a majority share in The State Group (TSG) from Blue Wolf Capital. Blue Wolf will keep a minority share in the company, along with current management shareholders.

On Wednesday, shares of Apollo Global Management, Inc. (APO) are seeing an increase in value.

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) and its subsidiaries announced their financial results for the third quarter that ended on September 30, 2024.

Apollo Global Management, Inc. (NYSE:APO) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 8:30 AM ET. The call will feature company leaders, including Noah Gunn, Marc Rowan, Martin Kelly, and Jim Zelter, along with various financial analysts from major firms. Participants will be in listen-only mode during the presentation, and there will be a Q&A session afterward.

Wolfspeed rallied due to a $750 million investment from Apollo Global Management, despite high short interest and bearish sentiment. SolarEdge Technologies faces significant competition and high inventory levels, making it a potential tax-loss selling candidate. Moderna's stock is under pressure due to declining Covid-19 vaccine demand and weakened profitability, suggesting it should be sold.

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Growth plans, earnings expansion send shares of asset manager Apollo Global Management, Inc. (APO) higher.