The broader benchmark S&P 500 will soon undergo its quarterly rebalancing on Dec. 23. This involves dropping certain stocks from the index and adding others to replace them. Changes help keep any particular index more reflective of its underlying market cap. The S&P 500 comprises large-cap companies with market caps over $10 billion that fulfill a certain set of criteria. Joining an index can be a catalyst because funds and investors that track the index essentially have to buy the stock, leading to inflows ...

The alternative and private capital asset management industry is growing strongly. From 2023 to 2028, PricewaterhouseCoopers expects alternative assets under management to grow by nearly $8 trillion. That represents a compound annual growth rate (CAGR) of just under 7%. This may not sound all that impressive, but in relative terms, it is. That 7% rate outpaces the CAGR predicted for non-alternative assets by around 1%. Due to this, it is important to be aware of firms that are key players in this space. Thi ...

Stratos Capital Partners (S.C) was established in 2017 by a small team of professionals from the investment industry with a deep passion for financial markets, macroeconomics, and investment strategy. S.C.'s original goal was to focus exclusively and extensively on the research & development of algorithmic trend-following strategies. The implications of our research over the years have not only strengthened our conviction for systematic strategies but have also led to the profound evolution of our philosoph ...

OMAHA, Neb., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Mosaicx, a conversational AI pioneer, today announced that President Rebecca Jones has been honored in the 2024 CX Leaders Awards, receiving recognition in the Women in CX category. The Women in CX award celebrates a female leader who has demonstrated exemplary leadership, innovation and influence in the field of customer experience. The CX Leaders Awards 2024 is a celebration of the innovators, pioneers and change-makers redefining customer experience. Hosted ...

Apollo Global Management, Inc. (APO) shares touched a new 52-week high of $169.15 on Tuesday before closing the session slightly lower at $168.25. The stock skyrocketed 94.1% in the past year, outperforming its industry’s growth of 61.2% and the S&P 500's rise of 32.6%.Price Performance Image Source: Zacks Investment Research Apollo's business moves and optimistic growth forecast fuelled investor optimism, which drove the stock to a new high.What’s Driving APO Stock?Acquisition & Partnership Deals: Apollo i ...

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds associated with its Impact and Clean Transition strategies (the “Apollo Funds”) have acquired a majority stake in The State Group (“TSG” or the “Company”) from Blue Wolf Capital (“Blue Wolf”). Blue Wolf will retain a minority stake in the business, alongside existing management shareholders. Established in 1961, TSG is a leading provider of electrical, mechanical, robotics and automation services, with a strong presenc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-41197 APOLLO GLOBAL MANAGEMENT, INC. (Exact name of registrant as specified in its charter) Delaware 86-3 ...

Apollo Global Management, Inc. APO shares are trading higher on Wednesday.On Tuesday, Apollo reported third-quarter adjusted earnings per share of $1.85, surpassing analyst estimates of $1.72 and revenue of $7.77 billion, beating the street view of $4.13 billion.Apollo said it now manages a total of $733 billion in assets, with $551 billion generating fees. Over the past year, Apollo saw $151 billion in new inflows and deployed $248 billion in capital. Apollo’s Fee Related Earnings (FRE) were $531 million, ...

Apollo Global Management, Inc. (NYSE:APO) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Martin Kelly - Chief Financial Officer Jim Zelter - Co-President Conference Call Participants Alexander Blostein - Goldman Sachs Craig Siegenthaler - Bank of America Bill Katz - TD Cowen Steven Chubak - Wolfe Research Mike Brown - Wells Fargo Patrick Davitt - Autonomous Research Brennan Hawken - UBS Brian ...

Core Insights - Apollo Global Management Inc. reported $926 million in revenue for Q3 2024, an 11% year-over-year increase, with an EPS of $1.81 compared to $1.71 a year ago, exceeding both revenue and EPS consensus estimates [1][3] Financial Performance - Total Assets Under Management reached $733 billion, surpassing the average estimate of $724.23 billion [3] - Segment Income from Asset Management showed mixed results: - Fee Related Earnings from Management fees were $518 million, below the estimate of $696.41 million - Capital solutions fees and other net income were $159 million, slightly above the estimate of $153.31 million - Fee-related performance fees were $57 million, exceeding the estimate of $52.75 million - Overall Fee Related Earnings were $531 million, above the estimate of $515.15 million [3] - Retirement Services Segment Income showed strong performance: - Fixed income and other net investment income was $2.81 billion, above the estimate of $2.72 billion - Spread Related Earnings totaled $856 million, exceeding the estimate of $762.05 million [3] - Principal Investing Segment Income included: - Principal Investing Income of $78 million, above the estimate of $72.56 million - Realized performance fees were $331 million, significantly exceeding the estimate of $246.40 million [3] Stock Performance - Apollo Global Management shares returned +3.9% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.5% change [4]