阿波罗全球管理近7日股价累计下跌7.81%，受私人信贷风险拖累

Core Viewpoint - Apollo Global Management's stock price has been significantly affected by recent risks in the private credit industry, particularly following Blue Owl Capital's announcement to suspend redemptions from its private credit fund, raising liquidity concerns in the market [1] Stock Performance - Apollo's stock price experienced notable volatility over the week, with a cumulative decline of 7.81% from $124.85 on February 18 to $114.91 on February 24, with a trading range fluctuation of 11.93% [1] - Key trading days included February 19, where the stock fell by 5.21% with a trading volume of $1.12 billion, reflecting the impact of private credit risks, and February 23, where it dropped another 5.00% amid broader market risk aversion, with a trading volume of $1.07 billion [1] Recent Market Activity - On February 24, Apollo's stock rebounded slightly by 1.04% to close at $114.91, with a daily trading range of 4.00%, while the asset management sector overall rose by 1.81% [2] - Despite the slight rebound, Apollo underperformed compared to the S&P 500 index, which increased by 0.73%, leading to a year-to-date decline of 20.29% for Apollo [2] Institutional Perspectives - Recent ratings on Apollo have shown divergence among institutions: - UBS maintained a "Buy" rating but lowered the target price from $182 to $152, citing stable demand for its retirement services but cautioning about valuation pressures in the industry [3] - CIBC initiated a "Hold" rating with a target price of $142, noting that while Apollo's private credit business is leading in scale, it faces short-term liquidity risk disturbances [3] - The market average target price stands at approximately $163.75, indicating potential upside from the current price, although institutions have raised concerns about the risks associated with high software investment exposure among peers [3]