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Leon D. Black, a key figure associated with Apollo Global Management, Inc. (NYSE:APO), a prominent player in the Financial Services industry with a market capitalization of $82 billion, has recently made significant transactions involving the company’s common stock. According to a filing with the Securities and Exchange Commission, Black sold a total of 500,000 shares on March 19, 2025. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with additional insights available in the comprehensive Pro Research Report. The transactions were executed at prices ranging from $142.00 to $142.52 per share, accumulating a total value of approximately $71 million.
Following these sales, Black retains direct ownership of 34,604,773 shares of Apollo Global Management. Additionally, there are 5,500,000 shares held indirectly by his spouse. The transactions were part of routine portfolio adjustments, and Black’s involvement with Apollo Global Management continues under the terms of the company’s Stockholders Agreement.
In other recent news, Apollo Global Management Inc. has reached an agreement to acquire a majority stake in OEG Energy Group, valuing the company at over $1 billion. This strategic move highlights Apollo’s commitment to climate and energy transition projects. Additionally, Apollo is exploring the sale of Cox Media Group, potentially valuing the portfolio at around $4 billion, with Moelis (NYSE:MC) & Co. assisting in the process. Meanwhile, Piper Sandler has maintained its Overweight rating on Apollo Global, with a price target of $202, citing the firm’s ability to capitalize on market dislocations. In another development, Apollo is reportedly in talks to finance Meta Platforms Inc (NASDAQ:META).’s U.S. data centers, with a potential financing package of approximately $35 billion.
In the staffing sector, EmployBridge Holding Co., owned by Apollo, experienced a credit rating downgrade to ’SD’ by S&P Global Ratings following a distressed exchange transaction. The agency plans to reassess EmployBridge’s credit rating soon. These developments reflect Apollo’s active engagement in various sectors, from energy to media and staffing. The company’s recent moves and analyst views suggest a focus on strategic growth and market opportunities.
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