APO - Apollo Global Management, Inc.

NYSE - NYSE Delayed Price. Currency in USD
38.67
-0.05 (-0.13%)
At close: 4:00PM EDT

38.76 +0.09 (0.23%)
After hours: 4:31PM EDT

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Previous Close38.72
Open38.60
Bid38.76 x 800
Ask40.92 x 1000
Day's Range38.26 - 38.90
52 Week Range22.63 - 41.79
Volume4,196,707
Avg. Volume2,600,623
Market Cap15.575B
Beta (3Y Monthly)1.71
PE Ratio (TTM)32.28
EPS (TTM)1.20
Earnings DateOct 31, 2019
Forward Dividend & Yield2.00 (5.17%)
Ex-Dividend Date2019-08-15
1y Target Est44.38
Trade prices are not sourced from all markets
  • Bloomberg

    Tegna Seats, Possible Sale Are Said to Be Sought by Investor

    (Bloomberg) -- One of the largest shareholders in Tegna Inc. has asked for two seats on the board of the broadcaster and called on it to launch a strategic review, including a possible sale of the company, according to people familiar with the matter.Standard General LP, which owns a 9.8% stake in Tegna, is prepared to start a proxy fight if its demands aren’t met, said the people, asking not to be identified because the discussions are private. The New York-based hedge fund, which has discussed its views with management, is Tegna’s third-largest holder, according to data compiled by Bloomberg.A representative for Standard General declined to comment. A representative for Tegna wasn’t immediately available for comment.Standard General believes there are plenty of potential partners for a takeover of the company or a merger, the people said. The firm believes Tegna’s current strategy, including its dealmaking, has led its shares to perform worse than its peers, they said.Tegna rose 0.9% to $15.30 in New York trading Monday, giving the company a market value of about $3.3 billion. The shares are up almost 33% in the past year.Tegna owns 62 local TV stations and four radio stations across the U.S., according to its website.The McLean, Virginia-based company has already drawn takeover interest from private equity firm Apollo Global Management Inc.In August, Tegna said it had rebuffed two offers from Apollo, including one most recently in June that would have seen the broadcaster’s assets combined with 13 stations the private equity firm is in the midst of acquiring from Cox Enterprises Inc.(Updates with additional background starting in sixth paragraph.)\--With assistance from Nabila Ahmed.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    Hilton Grand Vacations Stock Jumps As Apollo Increases Bid

    Apollo Global Management, LLC (NYSE: APO ) is reportedly seeking to acquire timeshare company Hilton Grand Vacations (NYSE: HGV ) for about $40 a share, Bloomberg reported Monday , citing people familiar ...

  • Bloomberg

    Apollo Offers About $40 Per Share for Hilton Grand

    (Bloomberg) -- Apollo Global Management Inc. made a first-round offer for Hilton Grand Vacations Inc. valuing the timeshare resort operator at about $40 per share, according to people familiar with the matter.The Blackstone Group Inc. also bid for the Orlando, Florida-based company, said the people who asked to not be identified because the matter isn’t public.Hilton Grand Vacations’ shares rose to their highest level since June 2018, jumping as high as 10.3%. The shares were up 6.1% to $34.65 at 1:07 p.m. in New York trading, giving the company a market value of about $3 billion.Representatives for Apollo and Blackstone declined to comment. Hilton Grand Vacations didn’t respond to requests for comment.Elliott Management Corp. has built a position in Hilton Grand Vacations and was advocating for a sale prior to the company putting itself on the block, people familiar with the matter said last month.The company, with 55 resorts and more than 315,000 members, fell the most ever on Aug. 1 after lowering its forecast for earnings and sales, citing a lack of inventory in locations like Cabo San Lucas, Mexico and the Big Island of Hawaii.Apollo bought timeshare operator Diamond Resorts International Inc. for $2.2 billion in 2016.(Updates share price in third paragraph.)To contact the reporters on this story: Gillian Tan in New York at gtan129@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Alan Goldstein at agoldstein5@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.com

    [video]Hilton Grand Gets 2 Takeover Bids, Including $40-Share by Apollo Global: Report

    Blackstone Group, which like Apollo is a New York private-equity firm, has also bid for the Orlando, Fla. resort operator, Bloomberg reported.

  • Did Hedge Funds Drop The Ball On Apollo Global Management, Inc. (APO) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Apollo Global Management, Inc. (APO) ?

    With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Apollo Global Management, Inc. (NYSE:APO). Apollo Global Management, Inc. (NYSE:APO) […]

  • GlobeNewswire

    Study from Health Advocate Named Among Best Papers of 2018 by American Journal of Health Promotion

    Intrado’s Health Advocate, a leading provider of health advocacy, navigation and integrated benefits programs, announced today that its recent peer-reviewed manuscript published in the American Journal of Health Promotion has been selected as one of five Editors’ Picks Papers of the Year for 2018. The award-winning research demonstrates that workplace health screening programs can identify undiagnosed hyperlipidemia in employees and motivate significant numbers of those employees to seek treatment.

  • GlobeNewswire

    Intrado Digital Media Releases 2019 Benchmark Report for Webcasts and Virtual Events

    Analyzing over 40,000 customer webcasts and virtual events, the largest industry sample reviewed to date. OMAHA, Neb., Oct. 07, 2019 (GLOBE NEWSWIRE) -- Intrado, a global leader in technology-enabled services, recently published its 2019 Benchmark Report for Webcasts and Virtual Events. The report examined usage of Intrado Studio, the best-in-class webcasting and streaming technology provided by Intrado.

  • Top Ranked Income Stocks to Buy for October 7th
    Zacks

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    Top Ranked Income Stocks to Buy for October 7th

  • Here's Why Legg Mason (LM) is an Attractive Pick Right Now
    Zacks

    Here's Why Legg Mason (LM) is an Attractive Pick Right Now

    Legg Mason (LM) appears to be a promising buy, at the moment, riding on inorganic growth and strong liquidity position.

  • 4 Reasons Why Apollo (APO) Stock is Worth Betting on Now
    Zacks

    4 Reasons Why Apollo (APO) Stock is Worth Betting on Now

    Backed by improving top line and earnings, Apollo (APO) stock is an attractive pick at the moment.

  • Here's Why Victory Capital Stock is a Solid Bet Right Now
    Zacks

    Here's Why Victory Capital Stock is a Solid Bet Right Now

    Victory Capital (VCTR) appears to be a promising bet, riding on solid organic growth and long-term growth opportunities.

  • Bloomberg

    Apollo, Carlyle Said to Compete for Deutsche Bahn's Arriva Unit

    (Bloomberg) -- Apollo Global Management Inc. and Carlyle Group LP are the two remaining bidders competing to acquire Deutsche Bahn AG’s European transport business Arriva, people familiar with the matter said.The buyout firms are proceeding in the final stages to make binding bids for the U.K.-based unit, which could be valued at about 3 billion euros ($3.3 billion), the people said. Deutsche Bahn is exploring all options for Arriva and continues to also weigh an initial public offering of the business, the people said, asking not to be identified as the matter is private.Deutsche Bahn, Germany’s state-owned rail operator, announced plans in March to divest Arriva to help pay off debt and is exploring a sale as well as an IPO in Amsterdam. Arriva employs more than 53,000 people in 14 European countries for its bus and rail operations and Deutsche Bahn acquired the company for 1.6 billion pounds ($1.9 billion) in 2010.While Apollo and Carlyle are the only remaining bidders pursuing Arriva’s entire business, other suitors may still be interested in parts of its operations, according to the people. No final decisions have been made, and Deutsche Bahn could still opt for a different buyer or decide to list the unit, the people said.Representatives for Deutsche Bahn, Apollo and Carlyle declined to comment.Arriva has benefited from acquisitions and higher demand for bus and rail from Hungary in the east to Spain in the south. That has helped offset challenges for its U.K. rail business, which faces a political and client backlash, as well as uncertainties amid negotiations for the U.K. to exit the European Union.\--With assistance from Stephan Kahl.To contact the reporters on this story: Eyk Henning in Frankfurt at ehenning1@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, ;Kenneth Wong at kwong11@bloomberg.net, Ben Scent, Tara PatelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PNC Financial Divests Franchise Finance Business to MidCap
    Zacks

    PNC Financial Divests Franchise Finance Business to MidCap

    PNC Financial (PNC) continues to restructure and streamline its business in order to better focus on core and profit making operations.

  • Shake-Up of Apollo’s Energy Team Continues With Second Big Departure
    Bloomberg

    Shake-Up of Apollo’s Energy Team Continues With Second Big Departure

    (Bloomberg) -- Apollo Global Management Inc. has continued the shake-up of its natural resources team with Senior Partner Rakesh Wilson leaving the firm, according to people with knowledge of the matter.Wilson, who joined Apollo in 2009 and is based in New York, is in the process of departing, said the people, who asked not to be identified because they weren’t authorized to speak publicly.He is the second high-profile member of the firm’s natural resources team to relinquish his role on the team. The former head of the business, Gregory Beard, is transitioning to the role of adviser ahead of his 2020 departure from Apollo. Last month, Olivia Wassenaar and Geoff Strong were named co-heads of the team.The shuffles come as EP Energy Corp. -- one of the buyout firm’s biggest energy bets -- holds talks with creditors vying for control of the oil and gas explorer through a debt restructuring likely include a pre-arranged bankruptcy filing.A representative for Apollo declined to comment. Wilson didn’t respond to requests for comment.Before joining Apollo, Wilson was a member of the commodities team at Morgan Stanley where he was responsible for generating, evaluating and executing investment ideas across the energy sector.Wilson began his career at Goldman Sachs Group Inc. in equity research, moving to its investment banking division and working in New York and Asia. He has served on the boards of companies including American Petroleum Partners and Resource Energy, according to his profile on Apollo’s website.Apollo has invested in natural resources since 2001 and established its first fund targeting the sector in 2011, according to its website. Its natural resources franchise -- which focuses on energy, metals, mining and agriculture -- has $5 billion in assets under management.In 2012, the firm led a $7.2 billion acquisition of EP Energy, El Paso Corp.’s oil and gas business, in the second-biggest private equity takeover of an energy producer at the time. The deal has been a bust. EP Energy is considering filing for bankruptcy protection, after losing money for years while struggling to service its heavy debt load.Apollo owns about 30% of its equity, which is currently worth about $9 million, according to filings and data compiled by Bloomberg.Apollo’s other investments in the sector include the energy explorers Double Eagle Energy Holdings III and Talos Energy Inc., according to data compiled by Bloomberg.To contact the reporters on this story: Kiel Porter in Chicago at kporter17@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Alan Goldstein at agoldstein5@bloomberg.net, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Great Wolf Water Parks Are a Buyout Dream

    (Bloomberg Opinion) -- Private equity managers sure love water slides. The chlorine must smell like money. On Wednesday, Blackstone Group Inc. became the third private equity firm in just seven years to splash down at Great Wolf Resorts Inc., a chain of indoor water parks and lodging with more than a dozen locations around the U.S. The investor is taking a 65% controlling stake in the business through a $2.9 billion joint venture alongside Centerbridge Partners LP, Great Wolf’s most recent private equity owner.Blackstone, which has $545 billion of assets under management, has been on a “family-fun” streak: The firm helped take Merlin Entertainment, the owner of Legoland, private this year (its second go-round with Merlin), following a seven-year lucrative investment in SeaWorld Entertainment Inc., which it exited in 2017. Great Wolf, whose mascot is Wiley the Wolf (a talented dancer, according to fan pages), was first taken private in a leveraged buyout by Apollo Global Management Inc. in May 2012 for $740 million, plus debt. It was one of the most heated LBO bidding wars in recent memory. Private equity firms were “tripping over themselves to bid,” one analyst said to me at the time. In the end, Apollo was forced to raise its offer by 69% to beat out rival suitor KSL Capital Partners LLC. The transaction valued Great Wolf at nearly 10 times trailing 12-month Ebitda, a rich valuation as far as these kind of deals go. It’s not your typical private equity situation, though. The term LBO often conjures images of wilting businesses being bled dry. But Blackstone – like Centerbridge and Apollo before it – sees Great Wolf as a growth opportunity. In 2012, Great Wolf had 11 properties, from the Pocono Mountains, to Grapevine, Texas, as well as its original location in Wisconsin Dells, Wisconsin, which traces its roots to a predecessor water park owned by a family-owned business that first opened in the 1970s.(1) A stay in the Poconos later this month for two adults and two children costs about $400 to $500 a night, according to the booking site. Passes to the water park – where guests can take a plunge down Coyote Cannon and try to cross Big Foot Pass – are included in the price.Under Apollo’s ownership, Great Wolf added a resort in Fitchburg, Massachusetts, and began building another in southern California. Apollo then sold the chain to Centerbridge in March 2015 in what’s known as a secondary buyout. At the time, Reuters reported that the deal was valued at $1.35 billion, including debt, and that Apollo stood to make two-and-a-half times its investment. With Centerbridge, Great Wolf opened five more resorts, including locations in Georgia and Illinois last year. It’s also been investing in room renovations. “We are enthusiastic about partnering with Blackstone to continue accelerating the growth of the company,” William Rahm, a senior managing director at Centerbridge, was quoted as saying in Wednesday’s press release. Blackstone’s Tyler Henritze, head of U.S. acquisitions for its real estate arm, said: “We look forward to investing in these properties to further deliver for guests and grow the company.” You don’t normally see the word “grow” so often in private equity talk. Then again, you don’t often see suit-and-tie-wearing dealmakers so passionate about water slides. (1) The last name of the family thatfounded the water parks is, rather appropriately, Waterman.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Rigzone.com

    Apollo's Energy Team Shake-Up Continues

    Apollo Global Management Inc. has continued the shake-up of its natural resources team with Senior Partner Rakesh Wilson leaving the firm, according to people with knowledge of the matter.

  • GlobeNewswire

    Apollo Global Management Announces Leadership Changes

    Apollo Global Management, Inc. (APO) (together with its consolidated subsidiaries, “Apollo”) today announced several leadership changes across its investing business. “These new appointments reflect Apollo’s deep reservoir of proven investment talent and lay the foundation for the firm’s next generation of leadership,” said Leon Black, Founder, Chairman and Chief Executive Office of Apollo.

  • GlobeNewswire

    Funds Managed by Affiliates of Apollo acquire controlling stake in AGROB Immobilien AG

    Funds managed by affiliates of Apollo Global Management, Inc. (APO)(together with its consolidated subsidiaries, “Apollo”), a leading global alternative investment manager, today announced that they have acquired a controlling majority stake in German real estate business AGROB Immobilien AG (“AGROB” or the “Company”). Founded in 1867 as a brick factory and now listed in Munich with a market capitalisation of approximately €98 million based on a closing common share price of €25.40 and preference share price of €25.00 on Wednesday 25 September 2019, AGROB is a real estate investment company owning and managing a modern 103k sqm media and business park strategically located in Munich's affluent suburb of Ismaning.

  • Business Wire

    Shutterfly, Inc. and Affiliates of Certain Funds Managed by Affiliates of Apollo Global Management, Inc. Announce the Closing of the Previously Announced Transaction Amongst the Parties

    Shutterfly, Inc. (“Shutterfly” or the “Company”), a leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, and affiliates of certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”) (APO), a leading global alternative investment manager, today announced the successful completion of the previously announced transaction in which Shutterfly was acquired by affiliates of the Apollo Funds. The acquisition represents a share sale price of $51.00, or enterprise value of approximately $2.7 billion.

  • PR Newswire

    Pacira BioSciences Set to Join S&P SmallCap 600

    NEW YORK , Sept. 24, 2019 /PRNewswire/ -- Pacira BioSciences Inc. (NASD: PCRX) will replace Shutterfly Inc. (NASD: SFLY) in the S&P SmallCap 600 effective prior to the open of trading on Monday, September ...

  • GlobeNewswire

    Apollo Global Management to Announce Third Quarter 2019 Financial Results and Host Conference Call on October 31, 2019

    Apollo Global Management, Inc. (APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it plans to release its financial results for the third quarter 2019 on Thursday, October 31, 2019, before the opening of trading on the New York Stock Exchange. Following the call a replay of the event may be accessed either telephonically or via audio webcast. To access the audio webcast, please visit Events and Presentations in the Stockholders section of Apollo’s website at www.apollo.com.

  • Bloomberg

    Blackstone, Apollo Are Said to Eye Western Midstream Stake

    (Bloomberg) -- Blackstone Group Inc. and Apollo Global Management Inc. are interested in bidding for a majority stake in Western Midstream Partners LP being sold by Occidental Petroleum Corp., according to people familiar with the matter.Global Infrastructure Partners and KKR & Co. are also interested, said the people, who asked to not be identified because the matter isn’t public. Apollo is considering investing in the oil and gas pipeline operator through Spartan Energy Acquisition Corp., a special purpose acquisition vehicle it backs, the people said.A deal could be reached by the end of this year, they said. Nothing has been finalized and Occidental could opt to keep full ownership of the company, they said.Representatives for Blackstone, Apollo, Global Infrastructure Partners and KKR declined to comment. Representatives for Occidental, Western Midstream and Spartan didn’t respond to requests for comment.Western Midstream fell 1% to $26.54 at 12:09 p.m. in New York trading Thursday, for a market value of $12 billion.Western Midstream, based in the Woodlands, Texas, has more than 15,200 miles of oil and gas pipelines and about six dozen processing and treatment facilities in the Midwestern U.S. and Texas, according to an investor presentation in May.Occidental Petroleum acquired a majority stake in the company via its purchase last month of Anadarko Petroleum Corp., which had formed the company to house its pipeline operations. The potential divestiture would help Occidental meet its goal of selling $10 billion to $15 billion in assets over the next two years to pay down debt.(Updates share price in fifth paragraph.)\--With assistance from Kevin Crowley.To contact the reporter on this story: Kiel Porter in Chicago at kporter17@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Simon CaseyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Rigzone.com

    Blackstone, Apollo Eye Bid for Western Midstream Stake

    Blackstone Group Inc. and Apollo Global Management Inc. are reportedly interested in bidding for a majority stake in Western Midstream Partners LP.

  • Moody's

    Pinnacle Operating Corporation -- Moody's downgrades Pinnacle Operating Corp CFR to Caa3, changes outlook to negative

    Moody's Investors Service ("Moody's") downgraded the corporate family rating of Pinnacle Operating Corporation to Caa3 from Caa2 and the probability of default rating to Caa3-PD from the Caa2-PD. Moody's also downgraded most instrument ratings (see debt list) and changed the outlook to negative. The downgrades and the outlook change to negative reflect deterioration of credit metrics and liquidity due to an ongoing challenging agricultural market environment and continued risk of a debt restructuring or distressed debt exchange.