Apollo Global

Apollo Global Management share price rises after profit and sales exceed expectations in Q3. $APO (+0.94%)

The global alternative asset manager reported adjusted earnings per share of 1.81 US dollars, beating the consensus estimate of 1.73 US dollars by 0.08 US dollars.

Revenue for the quarter reached $7.77 billion, well above analysts' forecast of $4.13 billion. This impressive sales figure represents a significant increase over the same period last year, although the exact percentage change year-on-year was not specified in the available data.

CEO Marc Rowan expressed his confidence in the company's performance, stating: "Our strong third quarter results reflect broad-based momentum across the platform. We are building a next-generation financial services company that is uniquely positioned to succeed in the tremendous market opportunity."

https://www.investing.com/news/stock-market-news/apollo-global-management-stock-up-5-following-q3-earnings-revenue-beat-93CH-3701917

Apollo Global Management $APO (+0.94%) ACQUISITION Apollo acquires aerospace specialist Barnes Group in a $3.6 billion deal $B (+0.45%)

The acquisition will be made with cash and is expected to be completed in early 2025. Barnes will then be delisted from the stock exchange and continue to operate under the same name.

I am already curious to see how the talks with Intel $INTC (+0.32%) develop further.

Increase Apollo Global Management
$APO (+0.94%)

Apollo has holdings in a large number of companies. Apollo's business is naturally volatile. In individual years, larger transactions can result in a strongly fluctuating consolidated profit.

With the takeover of Athene in 2022 for around USD 11 billion has created a new ability to plan, which may reduce volatility somewhat.

Through Athene, the retirement business, Apollo specializes in helping its customers achieve financial security by offering a range of retirement products and acting as a solutions provider for institutions.

I believe that rising inflation and rising interest rates in recent years have left an extreme mark on many strong companies. Added to this were the multiple pay rises for their own employees. A lot of money has been burned and the last reserves have now been used up. Anyone who cannot generate capital on the free market or borrow at normal conditions is an ideal target for Apollo and Co.

Everything that Apollo (and Co) buys these years will be worth its weight in gold in 5 years 😎🤞🏼

Cash 💵 is king 👑

That's where the last euros for this month went in 😎🤞🏼

Apollo Global Management
$APO (+0.94%)

is a US private equity firm based in New York City.

It operates as an investment and holding company and is one of the largest private equity companies in the world.

66.95 billion USD market cap

Yes, there are bigger ones, but I've been diligently reading about the investments they make for years and am often very impressed.

This week, for example, an investment in the Adriatic Pipeline from BP

The rumor mill is churning over possible new entrants to the US stock markets for the S&P 500

At issue is Apollo Global Management.

Apollo, for example, the large alternative asset management and insurance company, is now the largest US company in terms of market value that is not yet in the S&P 500. Apollo's market capitalization is 64 billion dollars.

$APO (+0.94%)

https://kapital24.ch/vier-neue-kandidaten-fuer-den-sp-500/

Apollo Global Management is a key member of the private equity industry with more than $260 billion in assets under management.

Apollo Global Management is led by its three founders.

Apollo Global Management's shareholder structure is fairly simple. The three founders Leon Black, Joshua Harris and Marc Rowan together hold about 40% of the shares. Around 20% of the shares are sold to institutional investors such as pension funds and insurance companies. The rest of the shares are held by individual investors.

The founders hold a significant stake in the company, which shows their conviction in the business model.

In recent days it became quite quiet about the rumors of the acquisition of $1COV (+0.07%) .

In the meantime I am skeptical whether $ADNOCDIST meanwhile is willing to make a higher offer. Personally, however, I think that rather not.

Why?

Out of personal interest, I got into $BRKM5 (+2.14%) in December. It opened up a solid product portfolio in important niches for industrial production. Worth noting the large market shares in polypropylene, also bio-based, and ethylene crackers in Mexico. My entry price was 3.60€.

A few weeks later $ADNOCDIST with $APO (+0.94%) a takeover offer with a premium of 157% at the then price of 27.60 BRL.

In the meantime, however, this takeover is in the stars, as the two investor groups disagree on the financing.

For this reason, I took profits of about 50% this week and will nevertheless continue to monitor the situation, as it will definitely provide impetus for the Covestro takeover.

I reinvested the liquidated position in First Majestic $FR (+1.68%) , the German SmallCap Pferdewetten.de $EMH (-2.38%) (You wouldn't believe how popular horse racing is.) , and the problematic chemical giant Lanxess $LXS (-2.24%) whose portfolio is now worth more than its market capitalization. This does not even include the tangible assets of the industrial plants and the supply contracts with very well-known customers.

Even if the chemical industry is hard hit at the moment, it remains one of the mainstays of a modern civil society, along with the metal and electrical industries. If the apocalypse does not occur, we will be able to benefit from good earnings and therefore also good dividends in the long term.