$KKR (-1,3 %)
$APO (-3,6 %)

Alternative asset managers KKR and Apollo Global Management beat estimates for fourth-quarter results early Tuesday and raised their dividends. However, revenues at both companies posted significant declines. Shares of KKR and APO are trading around buy points near their recent record highs.

KKR ( KKR ) reported a 33% increase in earnings to $1.32 per share, adjusted for a 26% decline in total revenue to $3.26 billion.

The results beat FactSet's expectations of earnings of $1.28 per share on revenue of $1.99 billion.

Management fees rose 26% to $906 million, while performance fee revenue increased 5% to $25 million.

KKR's assets under management increased 15% to $638 billion in the quarter. Total revenue for the asset management segment increased nearly 31% to $2.04 billion.

KKR also announced plans to increase investments in its private equity businesses by $1.1 billion, including USI Insurance Services, 1-800 Contacts and Heartland Dental. The company expects its Strategic Holdings division to generate operating profits of over $350 million by 2026, $700 million by 2028 and $1.1 billion by 2030.

KKR also plans to raise its quarterly dividend from 70 cents to 74 cents from the quarter ending in March.

Apollo Global Management

Apollo Global Management ( APO ) reported a 16% increase in earnings to an adjusted $2.22 per share, beating expectations of $1.89 per share.

Total revenue fell 52% to $5.28 billion, primarily due to a sharp decline in retirement benefits premiums. Retirement benefit premiums fell to 155 million dollars in the quarter from 3.59 billion dollars in the previous year.

Fee-related revenue increased 20% to $955 million, exceeding FactSet's forecast of $952.5 million.

Apollo Global Management also announced plans to increase its dividend by 10% to $2.04 per share starting in the first quarter of 2025.

https://www.investors.com/news/kkr-stock-earnings-apollo-global-mangement-q4-2024-asset-managers/

No inclusion in the S&P 500 - These stocks are now plummeting! $COIN (-7,3 %)
$TTD (-4,67 %)
$APP (-6,81 %)

Investors are fleeing the stocks of their recently celebrated favorites such as AppLovin or Coinbase on Monday. Double digits at times!

Summarized for you

Investors flee AppLovin and Coinbase shares.

AppLovin and The Trade Desk fall sharply, up to -17.5%.

S&P 500 rebalancing influences share prices significantly.

In contrast, shares of Apollo Global Management and Workday gained as their inclusion in the S&P 500 was announced. Workday gained up to eight percent on the trading floor. $APO (-3,6 %)
$WDAY (-1,61 %)

https://www.wallstreet-online.de/nachricht/18801086-anleger-ergreifen-flucht-aufnahme-s-p-500-aktien-knallen-runter

Apollo Global Management
$APO (-3,6 %) will join the S&P500 index on December 23, 2024.

Anyone following the current news on Investor Relations has already expected this

https://ir.apollo.com/news-events/press-releases

There you will find a large number of exciting deals that you hardly ever hear about in the media

For example :

On Dec. 4, Apollo announced that funds managed by Apollo subsidiaries (the "Apollo Funds") have agreed to acquire a 50 percent stake in a Texas solar and battery energy storage system portfolio ("BESS") from TotalEnergies
$TTE (-1,26 %) to acquire. The portfolio comprises approximately 2 GW of solar and BESS facilities at strategic locations in the Texas ERCOT market, consisting of three solar projects with a total capacity of 1.7 GW and two battery storage projects with a total capacity of 300 MW. TotalEnergies will retain a 50% stake in the portfolio and will continue to operate the plants, which include Danish Fields, Cottonwood and Hill Solar I.

Apollo partner Brad Fierstein said: "We are excited to partner with TotalEnergies, a leading energy company at the forefront of the energy transition, and to invest in a highly contracted, scaled renewable energy portfolio. Apollo's Clean Transition strategy allows us to be a flexible and long-term capital partner, supporting the growth of the Integrated Power business and TotalEnergies' capital recycling strategy."

Over the past five years, Apollo-managed funds have invested approximately $40 billion in energy transition and sustainability investments, supporting clean energy and infrastructure companies and projects, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles and a wide range of technologies to support decarbonization. Across all asset classes, Apollo aims to invest $50 billion in clean energy and climate investments by 2027 and sees the opportunity to deploy more than $100 billion by 2030.

Apollo is a fast-growing global alternative asset manager.

As of September 30, 2024, Apollo had approximately $733 billion in assets under management.

Apollo Global Management share price rises after profit and sales exceed expectations in Q3. $APO (-3,6 %)

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 (-3,6 %) ACQUISITION Apollo acquires aerospace specialist Barnes Group in a $3.6 billion deal $B

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 (-4,07 %) develop further.

Increase Apollo Global Management
$APO (-3,6 %)

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 (-3,6 %)

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