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In a recent transaction, LB 2018 GST Trust, associated with Apollo Global Management, Inc. (NYSE:APO), acquired a significant number of shares in the company. The trust purchased 607,725 shares of Apollo Global Management's common stock on April 4, 2025, at a price of $111.395 per share. The total value of this acquisition amounted to approximately $67.7 million. The purchase comes at an interesting time, as InvestingPro analysis indicates the stock is currently trading below its Fair Value, with shares down over 20% in the past week.
Following this transaction, the trust's total holdings in Apollo Global Management increased to 621,754 shares. This move is part of the trust's ongoing investment activities and reflects its confidence in the company's future performance. Notable strengths highlighted by InvestingPro include the company's 15-year track record of consistent dividend payments and strong liquidity position, with current assets exceeding short-term obligations. Subscribers to InvestingPro can access 12 additional key insights about Apollo's financial health and market position.
The filing also notes that the LB 2018 GST Trust is part of a "group" under the Apollo Global Management, Inc. Stockholders Agreement, although it disclaims beneficial ownership of any securities not directly owned by the trust itself. The transaction was executed under the representation of Barry J. Cohen, Attorney-in-fact, as indicated in the filing. Apollo Global Management, with its current market capitalization of $62.71 billion, remains a prominent player in the Financial Services industry.
In other recent news, Apollo Global Management has released preliminary financial results for the first quarter of 2025, reporting alternative net investment income of approximately $290 million, which represents an estimated annualized return of 9%. The company's subsidiary, Athene Holding (NYSE:ATH) Ltd., is expected to deliver an annualized return of 10% from its pooled investment vehicle. Additionally, Apollo is reportedly exploring the sale of Cox Media Group, potentially valuing the company at around $4 billion, with Moelis (NYSE:MC) & Co. assisting in the exploration of sale opportunities.
Apollo has also reached an agreement to acquire a majority interest in OEG Energy Group from Oaktree Capital Management, valuing OEG at over $1 billion. TD Cowen has reiterated a Buy rating for Apollo Global Management, maintaining a $214 price target, highlighting Apollo's strong performance despite economic uncertainties. The analysts noted Apollo's potential for long-term growth, driven by its asset management and retirement services segments.
Apollo's management anticipates a durable growth trajectory, leveraging both organic and potential inorganic opportunities. The firm is expected to capitalize on emerging growth drivers, contributing to incremental growth. Apollo's recent developments reflect its strategic focus on expanding its footprint and navigating current market conditions.
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