That's where the last euros for this month went in 😎🤞🏼
Apollo Global Management
$APO (+3.45%)
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
Apollo Global Management has exhibited impressive AUM growth over the past years, both organically and inorganically, and still expects AUM to hit $1 trillion by 2026.
CAGR from fee-related and spread-related earnings have been of double digits, and based on company guidance, they still expect this momentum of double-digit growth in 2024. $APO (+3.45%)
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.
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.
$APO (+3.45%) one of our best performing stocks. We've held it since 2021 and have seen a +600% ROI....anticipating more upside as a result of its unique business model and strong competitive advantage within the private equity space.
The price target is $125.75 and the stock is covered by 16 analysts.
Buy
10
Hold
6
Sell
0
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates in three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
