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Apollo Global Management, Inc. - $APO STOCK NEWS

Welcome to our dedicated page for Apollo Global Management news (Ticker: $APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Management stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Apollo Global Management's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Apollo Global Management's position in the market.

Rhea-AI Summary

Apollo Global Management, Inc. reported strong first quarter results with robust capital formation and origination activity, totaling $40 billion each. The company's CEO expressed confidence in meeting financial targets for the year. Apollo declared cash dividends for both Common Stock and Mandatory Convertible Preferred Stock. The company will host a public audio webcast to review financial results on May 2, 2024.

Rhea-AI Impact
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End-of-Day
3.99%
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John Hedlund, a mortgage industry veteran and operations leader, has joined FundingShield's advisory board. He brings extensive experience from AmeriHome Mortgage and Adanac Advisory Group, contributing to FundingShield's growth in areas like cyber security and fraud prevention. With a strong background in financial services and leadership roles at top institutions, John's addition to the board is expected to drive innovation and revenue growth for FundingShield.

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-1.17%
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U.S. Silica Holdings, Inc. reported first quarter 2024 results with GAAP EPS of $0.17 and adjusted EPS of $0.20 per diluted share. The Industrial and Specialty Products segment saw a 7% increase in contribution margin year over year, with total tonnage sold up by 6% sequentially. The company reported cash flow from operations of $40.9 million and completed a term loan repricing while extinguishing an additional $25 million of debt. Moody's and S&P Global upgraded the company's credit rating. U.S. Silica entered into a definitive agreement to be acquired by Apollo Funds for $1.85 billion.
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0.3%
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U.S. Silica Holdings, Inc. has entered into a definitive agreement to be acquired by Apollo Funds for $1.85 billion, with stockholders receiving $15.50 per share in cash. The acquisition values the company at an enterprise value of approximately $1.85 billion, offering an 18.7% premium to the closing share price on April 25, 2024. Upon completion, U.S. Silica will become a private company, continuing operations under the same name and leadership.
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0.3%
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Apollo and MassMutual announced that MassMutual has become a minority equity owner in ATLAS SP Partners and a capital partner to the ATLAS platform. MassMutual's multi-billion-dollar investment will allow access to investment-grade asset-backed credit originated by ATLAS SP and across the broader Apollo ecosystem. The partnership aims to provide warehousing and investment-grade asset-backed solutions to ATLAS SP's financing clients. This strategic move reinforces MassMutual's commitment to generating additional earnings for policyowners and customers.
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-0.92%
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Apollo Funds to acquire a majority stake in Panasonic Automotive Systems from Panasonic Holdings in a transaction valued at ¥311 billion. Panasonic will retain a minority stake, maintaining a strategic relationship. The deal aims to accelerate growth and leverage Apollo's expertise in the automotive sector.
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Altius Renewable Royalties (TSX:ARR) reports its joint venture, Great Bay Renewables, has entered into a $10.1 million interconnection support facility to assist Hexagon Energy. The facility will fund interconnection deposits for six solar projects, part of Hexagon's 7.0 GW portfolio, with Great Bay receiving future royalties.
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-0.99%
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Apollo (APO) to release Q1 2024 financial results on May 2, 2024. Management to review results via webcast at 8:30 am ET. Earnings releases distributed through website and email lists.
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-0.99%
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Apollo-managed Funds have agreed to sell 65.2 million shares in Vallourec SA to ArcelorMittal for €14.64 per share, marking a 28.4% equity interest and a total transaction value of approximately €955 million. The sale signifies Apollo Funds' exit from the investment after achieving record profitability and operational transformation under Philippe Guillemot's leadership.
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0.04%
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Rhea-AI Summary
Apollo Global Management, Inc. appoints Chris McIntyre as Partner, Global Head of the Institutional Client Group, with a focus on managing institutional distribution channels. McIntyre's expertise in private markets and deep relationships are expected to enhance Apollo's investment solutions. Apollo achieved $45 billion in third-party inflows in 2023.
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-1.95%
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Apollo Global Management, Inc.

NYSE:APO

APO Rankings

APO Stock Data

64.40B
444.50M
27.31%
60.21%
2.88%
Investment Advice
Finance and Insurance
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United States of America
NEW YORK

About APO

apollo global management, llc and its subsidiaries ("apollo") is a leading global alternative investment manager. we are contrarian, value-oriented investors in private equity, credit and real estate, with significant distressed expertise. we operate our businesses in an integrated manner which we believe distinguishes us from other alternative investment managers. we have applied this investment philosophy over our 25-year history, deploying capital across the balance sheet of industry leading businesses, and seeking to create value for our investors throughout economic cycles.