Investors with an interest in Financial - Investment Management stocks have likely encountered both Federated Hermes (FHI) and Apollo Global Management Inc. (APO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zack ...

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that industry veteran Harry Seekings has been named Co-Head of Infrastructure at Apollo, effective March 11, 2024. Seekings will work alongside Olivia Wassenaar, Head of Sustainability and Infrastructure. Apollo Co-President Scott Kleinman said, "We are pleased that Harry will join Apollo as Co-Head of Infrastructure. With over 25 years of industry experience, Harry has a proven track record and tested ability to grow and manage t ...

Financial Data and Key Metrics Changes - In 2023, Apollo Global Management reported record adjusted net income of $4.1 billion, or $6.74 per share, with fee-related earnings (FRE) and spread-related earnings (SRE) growing more than 25% to a record $4.9 billion [5][31] - The company achieved a 200 basis points margin expansion, with assets under management (AUM) hitting a record $651 billion and inflows totaling $160 billion [10][31] - GAAP earnings totaled $2.9 billion for Q4 and $5.1 billion for the full year, maintaining eligibility for S&P 500 index inclusion [41] Business Line Data and Key Metrics Changes - The asset management business achieved a 25% growth in FRE, while SRE grew by 26% in retirement services [31] - Athene, a key segment, had record inflows of $66 billion, contributing to total organic inflows of $107 billion across the platform [22][31] - The direct origination portfolio appreciated by 20% over the full year, with hybrid strategies returning more than 15% [21] Market Data and Key Metrics Changes - The company noted a shift in institutional investor focus towards asset classes offering current income and inflation protection, particularly in credit, infrastructure, and sustainability [24] - The retirement market is seen as a significant opportunity, with a potential opening for private investments in 401(k) plans [43][44] Company Strategy and Development Direction - Apollo aims to scale origination from approximately $100 billion annually to between $200 billion and $250 billion over the next five years, emphasizing the importance of origination for growth [17][50] - The company is focused on building out its high net worth coverage and expanding its product offerings, particularly in private credit and hybrid investment solutions [18][26] - Management highlighted the need to adapt to changing market dynamics and investor preferences, particularly regarding private investments [12][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued momentum in 2024, expecting to raise approximately $120 billion of capital organically, representing a 20% increase [23] - The company anticipates low double-digit growth in SRE for 2024, driven by organic inflows and a favorable interest rate environment [38] - Management acknowledged the need to focus on high-quality growth rather than merely increasing volume, emphasizing the importance of sustainable business practices [62] Other Important Information - The company announced a 7.5% increase in the annual dividend to $1.85 per share, beginning in Q1 2024 [40] - A new presentation format was introduced to separate SRE excluding notable items, reflecting industry trends [32] Q&A Session Summary Question: Insights on the 401(k) market and competitive landscape in wealth management - Management sees an opening in the 401(k) market for private products, driven by a shift in risk mentality and a focus on guaranteed lifetime income [43][44] Question: Return differential in alternatives and performance issues - The performance of Athene's alternatives portfolio was slightly below expectations, primarily due to underperformance in certain insurance stakes [48] Question: Clarification on origination targets and growth strategy - The company aims to increase origination significantly to meet the needs of institutional investors and high-net-worth clients, focusing on scaling existing platforms [50][56] Question: Capital allocation strategy and share buybacks - Management plans to prioritize organic growth and immunize employee stock issuance, with share buybacks dependent on market conditions and realizations [66]

For the quarter ended December 2023, Apollo Global Management Inc. (APO) reported revenue of $795 million, up 9.1% over the same period last year. EPS came in at $1.91, compared to $1.42 in the year-ago quarter.The reported revenue represents a surprise of -3.43% over the Zacks Consensus Estimate of $823.27 million. With the consensus EPS estimate being $1.72, the EPS surprise was +11.05%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

智通财经APP获悉，周四美股盘前，阿波罗全球管理(APO.US)公布了利润超预期的第四季度业绩，原因是利率上升提振了这家另类资产管理公司不断增长的信贷和保险业务。 财报显示，该公司Q4调整后净利润激增31%，达到11.8亿美元，合每股1.91美元，高于分析师平均预期的1.72美元。营收翻了一倍多，达到110.5亿美元。管理资产规模增长19%，至6510亿美元。 首席执行官Marc Rowan在声明中表示：“在2023年动荡的市场背景下，阿波罗正在全力以赴。” 阿波罗正受益于利率上升和投资者对私人信贷的需求。目前，该公司正安然度过私募股权交易撮合行业普遍低迷的时期。该公司管理的资产中有80%以上是信贷和混合业务。 随着阿波罗的第十只旗舰私募股权基金开始投资，与费用相关的收益增长了16%，达到4.57亿美元，缓解了其资本解决方案部门费用收入下降18%的影响。 反映该公司Athene保险业务盈利能力的息差相关收益增长7.2%，至7.48亿美元。Athene的净投资息差(即投资收益)增长了6%，达到9.59亿美元，固定收益的收益抵消了Athene投资组合中股票投资的下滑。 另外，阿波罗在第四季度募集了300亿美元的私 ...

Private credit has quickly become one of Wall Street's most popular investment classes in 2023. Alternative data platform Preqin projects this asset class will reach $2.7 trillion by 2027.Several firms such as Apollo Global and Ares Management have grown this market from just $250 billion in 2010.This happened in part due to banks retrenching from the lending market after the Great Financial Crisis in 2008 with new regulations. It also has roots in the Federal Reserve's monetary policy of holding interest r ...

Investors with an interest in Financial - Investment Management stocks have likely encountered both Patria Investments (PAX) and Apollo Global Management Inc. (APO) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, ...

NEW YORK--(BUSINESS WIRE)--25madison, a leading venture platform, today announced the launch of 25m Evolve, in partnership with funds managed by Apollo (NYSE: APO), a leading global alternative investment manager. 25m Evolve is an enterprise software venture studio dedicated to incubating AI-native applications. 25m Evolve incubations will leverage the latest advancements in artificial intelligence to help companies, including Apollo Funds’ portfolio companies, adapt to an ever-changing digital landscape, ...

MOBILE, Ala., Jan. 10, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, is proud to announce the expansion of its solutions to support the United States military overseas. Now available in facilities in 13 areas outside the continental U.S., TeleVox offers timely and reliable SMS, email, and voice services to help ease the burden of booking medical appointments and accessing referrals for military members stationed abroad. Recognizing ...

LOS ANGELES--(BUSINESS WIRE)--Jason Howard, an alternatives industry veteran known for investing in and advising General Partners (“GPs”), announced today the launch of New Catalyst Strategic Partners (“New Catalyst” or the “Firm”). New Catalyst is an independent alternative investment firm that provides seed and growth capital to emerging, developing and diverse firms (i.e., “Next Generation GPs”) led by experienced investors. The New Catalyst platform offers Next Generation GPs with a range of solutions, ...