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Apollo Global Management, Inc. (APO)

NYSE - NYSE Delayed Price. Currency in USD
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43.62-0.25 (-0.57%)
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  • D
    Duke
    Investor group says Apollo director overseeing Epstein review is not independent
    Why did Leon Black pay JE $50,000,000? plenty of "advisors" sittin at APO
    Bearish
  • m
    matt
    Decent earnings and 400 billion in assets but the problem is Leon. Let's say Leon leaves and Josh takes over. Josh owns 3 sports teams. How can he possibly spend enough time on Apollo. I f this was a private company Josh would be able to get away with it. But as a public company Josh can't earn hundreds of millions each year as a part time employee. Do the right thing sell the company ex Drexel fellas and count your blessings.
  • j
    josh
    10/26/20
    Evercore ISI Upgraded Apollo Global Management, Inc. (APO) $52.00 In-Line ➝ Outperform
  • C
    C
    Serious question: how should we compute the hit to the stock if the worst case scenario happens and Black leaves the firm and has to sell a lot of assets? I can make a rough calculation based on hypothetical hits to AUM but this is just ballpark. Anything more rigorous?
    Neutral
  • j
    josh
    NEW YORK, Oct 29 (Reuters) - Apollo Global Management Inc , the private equity firm under investor scrutiny over CEO Leon Black's ties with late financier and convicted sex offender Jeffrey Epstein, reported an 8% drop in third-quarter distributable earnings on Thursday.

    Distributable earnings (DE) - the cash available for paying dividends to shareholders - fell to $205.1 million from $222.5 million a year earlier, as a big rise in profit in Apollo's credit businesses was not enough to offset a steep drop in its private equity and real estate divisions.

    This translated to DE per share of 47 cents, exceeding Wall Street analysts' average forecast of 49 cents, according to data from Refinitiv.

    Apollo said last week it would launch an independent review of Black's payments of between $50 million and $75 million to Epstein over the last decade, as some of the firm's investors issued statements for the first time expressing concerns.

    Black wrote to Apollo's fund investors last week that he regretted payments to Epstein for what he called "professional services," but has denied any wrongdoing or inappropriate conduct related to his business and social ties with him.

    The 69-year-old private equity veteran said the payments were for advice on estate planning, taxes and philanthropy.

    The New York-based firm said on Thursday the value of its credit funds appreciated 3.7% in aggregate in the third quarter, with its private equity portfolio rising 8%. Its real estate, principal finance and infrastructure funds climbed 3.4% in aggregate.

    Blackstone Group Inc, the world's largest private equity firm, reported a 9% rise in third-quarter distributable earnings on Wednesday, while its private equity portfolio appreciated by 12.2%.

    Carlyle Group Inc reported a smaller-than-expected 6% drop in its third-quarter distributable earnings on Thursday, with its overall fund portfolio rising 5% during the quarter.

    Apollo said total assets under management rose to $433.1 billion as of the end of September, up from $414 billion three months earlier. The firm ended the quarter with $45.8 billion in unspent capital.

    The firm said it would pay a quarterly dividend of 51 cents a share.
  • m
    matt
    Mr Black, Do what you would ask of anyone who you work with. Step down before all the dominos fall. I understand you did not know the full extent of Epstein but this is snowballing. You had a great run. First at Drexel and than Apollo. Ride off into the sunset.
  • L
    League Bowler
    Beware
    Bearish
  • j
    josh
    11/6/20
    Morgan Stanley Upgrades Apollo Global Management, Inc. (APO) Equal-Weight » Overweight $5100
  • A
    Anonymous
    to anyone reading...why down today?! thanks
  • W
    WallSt
    APO needs to break up RXT and spin off their cloud consulting business from their core managed hosting business. APO's RXT has a serious image problem. Somehow I am not surprised, given the state of APOs own stock. RXT is one of the worst performing IPOs of 2020, when there are companies out there that would put 1999 valuations to shame.
  • C
    C
    Leon...15 will get you 20!
    Neutral
  • M
    Marisa
    APO is a buy here ... epstein was not involved with apo activities ... the stock is undervalued.
    Bullish
  • T
    Ted
    it seems we condemn a person before the facts are presented bad karma
    Bullish
  • Y
    Yahoo Finance Insights
    Apollo Global Management is down 5.18% to 40.81
  • Y
    Yahoo Finance Insights
    Apollo Global Management is up 5.54% to 43.97
  • Y
    Yahoo Finance Insights
    Apollo Global Management is up 5.01% to 42.77
  • j
    josh
    11/05/19
    Credit Suisse Maintains Apollo Global Management, Inc. (APO) Outperform $54.00
  • j
    josh
    9/12/19
    Wells Fargo & Co Raises Target Apollo Global Management (APO) $42.00 ➝ $48.00 Outperform
  • R
    Robert
    BOARD has becme a cartoon show. This stock is one of the most undervalued in the market.Very strong by as debt is being well managed and free levered cash flow is excellent. arrifs are a non issue
  • Y
    Yahoo Finance Insights
    Apollo Global Management is up 4.91% to 41.25