AllAnalyst Report
logoArgusAugust 07, 2020

Apollo Global Management, Inc.: Healthy fee-based asset growth continues

Symbols
APO
Sector(s)
Financial Services
Rating
Premium
Current Price
$44.94
Price Target
$NaN
Earnings Estimate
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Summary

Apollo is one of the leading global managers of alternative assets, with a focus on complex credit-related investments. The company has grown its assets under management very rapidly over the past several years through a combination of organic growth and strategic acquisitions. Apollo is further differentiated from peers through its focus on complex, nontraditional, distressed-for-control investments, in which it invests in distressed senior debt securities that may be converted to a controlling equity stake in the case of a reorganization or other restructuring event. Apollo thus has deep expertise investing across the capital structure, and often faces less competition by 'avoiding the herd' in traditional buyouts and traditional high-yield and investment-grade credit.

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Analyst Profile

Stephen Biggar

Director of Financial Institutions Research
Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and broadcast media discussing the equity markets. Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.