NEW YORK - Apollo (NYSE: APO), a global alternative asset manager, today hosted its Investor Day to detail the firm's business strategy and financial goals for the next five years. The event included presentations from Apollo's senior management team, who discussed the company's strategic positioning and plan to continue delivering attractive returns to shareholders.
Marc Rowan, Apollo's Chief Executive Officer, emphasized the importance of asset origination in the alternative asset management industry, stating that Apollo is "playing to win" with a focus on origination, a broad credit franchise, and its retirement services leader, Athene.
During the Investor Day, which began at 8:00 a.m. ET, the firm's management shared their perspective on the future of the industry and Apollo's role within it. The discussion included Apollo's views on the industry's robust growth supported by strong tailwinds over the coming years.
Apollo, with approximately $696 billion in assets under management as of June 30, 2024, operates across a fully integrated platform, offering a range of investment strategies from investment grade to private equity. Through Athene, Apollo's retirement services business, the company provides retirement savings products and institutional solutions.
The company's forward-looking statements, as presented during the event, were based on management's current expectations and beliefs. However, Apollo noted that these expectations could change and that they are subject to risks and uncertainties that could cause actual results to differ materially.
Investor Day materials and a livestream of the event were made available to the public, with a replay to be posted on the company's Investor Relations website.
The information provided is based on a press release statement from Apollo.
In other recent news, Apollo Global Management (NYSE:APO) has been the focus of several recent developments. The asset management firm has proposed a substantial investment of up to $5 billion in Intel (NASDAQ:INTC), the semiconductor giant. However, these discussions are still in the early stages. Apollo Global Management has also partnered with Citigroup Inc (NYSE:C). to establish a $25 billion private credit and direct lending program. Furthermore, the company has initiated a strategic financing and capital markets collaboration with BNP Paribas (OTC:BNPQY), with the global bank committing an initial $5 billion in financing to support investment-grade, asset-backed credit originated by Apollo.
Analysts from various firms have expressed their outlook on Apollo. TD Cowen has reiterated a Buy rating on Apollo Global Management shares, anticipating a beneficial update at the company's Investor Day. Barclays (LON:BARC) also maintained its Overweight rating on Apollo, expressing interest in the company's upcoming 2024 Investor Day and its financial objectives. Wolfe Research initiated coverage on Apollo's shares with an Outperform rating, noting the company's strong position in the Private Credit and Fixed-Deferred Annuity markets.
These are just a few of the recent developments involving Apollo Global Management. As the company continues to make strategic moves and partnerships, investors and analysts alike are keeping a close eye on its trajectory.
InvestingPro Insights
Apollo's Investor Day presentation aligns with several key metrics and insights from InvestingPro. The company's focus on delivering attractive returns to shareholders is reflected in its strong financial performance. According to InvestingPro data, Apollo has demonstrated a robust 1-year price total return of 41.54%, significantly outperforming the broader market.
The firm's emphasis on asset origination and its broad credit franchise appears to be paying off, as evidenced by its impressive revenue of $25.96 billion over the last twelve months. This strategy has contributed to Apollo's status as a prominent player in the Financial Services industry, which is one of the InvestingPro Tips highlighted for the company.
Apollo's commitment to shareholder value is further underscored by its dividend policy. An InvestingPro Tip notes that the company has maintained dividend payments for 14 consecutive years, with a current dividend yield of 1.48%. This consistent dividend growth, coupled with a 7.56% increase in the last twelve months, demonstrates Apollo's ability to generate steady returns for investors.
The company's strong market position is reflected in its stock price, which is trading near its 52-week high, as pointed out by another InvestingPro Tip. This aligns with Apollo's positive outlook presented during the Investor Day event.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights, with 7 more tips available for Apollo Global Management. These tips could provide valuable context for understanding the company's future prospects and strategic direction as outlined in their Investor Day presentation.
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