Apollo Global Management, Inc. NYSE: APO
Financials · Asset Management & Custody Banks
$138.79
+6.03%
Vol: 384K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours. The landmark $35B Broadcom AI XPV Platform capital solution with Blackstone was announced June 9, before the 2026-06-12 cutoff.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours. Recent catalysts (May 12 Noble Environmental majority stake acquisition, May 11 Emerald/Questex deal, and May 6 Q1 earnings with AUM crossing $1 trillion) all predate the 48-hour window.
May 20Apollo announced plans for a $770 million ADT secondary offering and closed Accord Fund VII at $1.9 billion while gearing up for its Q1 dividend pay date on May 29.Positive▶
Apollo Global Management is in an active capital-deployment window in May 2026. The firm closed Apollo Accord Fund VII at $1.9 billion in commitments, bringing the Accord Dislocation Series to $11.6 billion since 2017. Apollo also disclosed a plan to raise up to $770 million through a secondary public offering of roughly 102 million ADT shares. The Q1 2026 dividend of $0.5625/share is scheduled to pay May 29 to holders of record May 19. Recent analyst actions include Deutsche Bank lifting its price target to $160 from $140 and Barclays raising its target to $131 from $125. The Q1 print earlier this month showed AUM crossing $1 trillion and fee-related earnings up 30% YoY to $728M.
May 19Apollo Global Management trades ex-dividend May 19 on $0.562/share quarterly payout amid ongoing B2B events platform rollup (Emerald + Questex acquisitions).Positive▶
Apollo Global Management's $0.562 per share quarterly cash dividend went ex-date on May 19, 2026, marking the first trading day shareholders new to the stock will not receive the upcoming payment. The dividend follows a year of record execution in which Apollo generated over $300 billion of origination and more than $225 billion in inflows during 2025, supporting record fee and spread related earnings. Apollo is simultaneously executing a B2B media rollup, having entered definitive agreements to acquire Emerald Holding for ~$1.5 billion and Questex in all-cash deals to create a leading North American B2B experiential events and media platform. The bear case centers on integration risk across multiple acquisitions, sensitivity of spread-related earnings to credit conditions, and the stock trading near analyst price targets after a strong run. Recent analyst sentiment is mixed-to-positive, with Barclays' Benjamin Budish raising his price target to $131 from $125 and maintaining an Overweight rating.
May 18Apollo crossed $1 trillion AUM with record Q1 fee-related earnings, raised dividend, closed $1.9B Accord Fund VII, and announced Emerald/Questex acquisitionPositive▶
On May 6, 2026 Apollo reported Q1 2026 results showing record fee-related earnings and AUM that surpassed $1 trillion (~$1.03T as of March 31, 2026), per CEO Marc Rowan. Apollo declared a $0.5625 per share quarterly dividend payable May 29 to holders of record May 19. On May 4, Apollo closed Accord Fund VII at $1.9 billion in total commitments, bringing the Accord Dislocation Series to $11.6 billion raised since 2017 and targeting dislocated liquid credit and issuer-driven opportunities. On May 11, Apollo-managed funds entered definitive agreements to acquire Emerald Holding and Questex to create a leading North American B2B events platform, expected to close in 2H 2026 subject to closing conditions. UBS raised its price target to $158 from $138 (Buy), and Deutsche Bank lifted to $160 from $140 on May 7. Shares traded around $129.19 on May 4, with Moderate Buy consensus.
May 15Apollo Funds acquired majority stake in Noble Environmental on May 12 and is acquiring Emerald and Questex to form a North American B2B events platform.Positive▶
Apollo Funds acquired a majority stake in Noble Environmental, Inc. on May 12 and announced on May 11 the acquisition of Emerald and Questex to create a leading North American B2B events platform. Apollo Funds also completed the acquisition of Prosol Group on May 7. Apollo closed Accord Fund VII at $1.9B on May 4, bringing the Accord Dislocation Series to $11.6B since 2017. The board declared a $0.5625 Q1 cash dividend payable May 29 to holders of record May 19. Q1 results (May 6) showed adjusted net income of $1.94 (vs $1.88 consensus) and AUM surpassing $1 trillion ($1.03T). JPMorgan reaffirmed Buy on May 7; Barclays raised PT to $131 from $125. Stock trades around $152 with Moderate Buy consensus.
May 14Apollo Global Management acquires majority stake in Noble Environmental as AUM tops $1 trillion and Q1 fee-related earnings jump 30%Positive▶
On May 12, Apollo-managed funds acquired a majority interest in Noble Environmental, a vertically integrated waste management platform in the Northeast, Mid-Atlantic and Midwest. On May 11, Apollo announced funds will acquire Emerald and Questex to form a leading North American B2B events platform, and on May 7 closed a majority stake in Prosol Group. Apollo's Q1 results on May 6 showed fee-related earnings up 30% YoY to $728M with AUM crossing $1 trillion. The firm closed Accord Fund VII at $1.9 billion on May 4, bringing the Accord Dislocation Series to $11.6 billion since 2017. A $0.5625 dividend is payable May 29. The risk is private credit market stress, though Bloomberg reports Apollo is emerging as an early winner from the recent panic.
May 13Apollo Global Management acquires majority stake in Noble Environmental on May 12 as AUM crosses $1 trillion threshold.Positive▶
Apollo-managed funds acquired a majority stake in Noble Environmental, a vertically integrated waste management company operating landfills, transfer stations, and renewable natural gas facilities across the Northeast, Mid-Atlantic, and Midwest. Apollo AUM crossed $1 trillion (now ~$1.03T as of March 31), and Q1 ANI of $1.94 beat $1.88 consensus on record fee-related earnings. Apollo is also reportedly in talks to sell a $3B private credit fund and plans daily valuations for private-credit funds by end of September. CEO Marc Rowan has publicly warned of a market correction and criticized rival insurers. Analyst Moderate Buy consensus with $146.71 average PT.
May 12Apollo Global crosses $1 trillion AUM milestone in Q1 with adjusted EPS of $1.94 beating $1.88, then announces $1.5B Emerald and Questex acquisitions on May 11.Positive▶
Apollo Global Management surpassed $1 trillion in AUM for the first time, reporting Q1 2026 adjusted net income of $1.21B or $1.94/share, beating the $1.88 consensus. The firm is emerging as an early winner from private credit panic, posting record fee-related earnings and inflows. The Board declared a $0.5625 quarterly dividend payable May 29 to holders of record May 19. On May 4, Apollo closed Accord Fund VII at $1.9B in commitments, bringing the Accord Dislocation Series to $11.6B raised since 2017. On May 11, Apollo-managed funds announced separate definitive agreements to acquire Emerald Holding and Questex for ~$1.5B combined to create a leading North American B2B events platform, expected to close in 2H 2026. Trailing net profit margin compressed to 3.7% from 13.8% a year earlier, signaling some profitability pressure despite AUM growth.
May 11Apollo Global Management closed Hybrid Value Fund III at $6.5B and Accord Fund VII at $1.9B in early May, capping a Q1 in which AUM crossed $1.03 trillion.Mixed▶
Apollo announced the final close of Hybrid Value Fund III at ~$6.5B in total commitments and closed Accord Fund VII at $1.9B (bringing the Accord Dislocation Series to $11.6B raised since 2017). Q1 2026 results reported May 6 showed AUM topping $1.03 trillion with record fee-related earnings, though headline GAAP results included a basic EPS loss of $3.24 on revenue of ~$5.0B. Apollo also declared a $0.5625 quarterly dividend payable May 29, completed the Prosol Group acquisition in France, and announced a $770M secondary offering of ADT shares (102M shares at $7.30-$7.55). Shares are up 21.3% over the trailing 30 days but down 12.8% YTD. Risk: trailing net margin compressed to 3.7% from 13.8% a year earlier, raising questions about earnings quality even as fundraising momentum stays strong.
May 8Apollo Global Management eclipses $1 trillion AUM milestone with Q1 2026 earnings beatMixed▶
Apollo Global Management reported Q1 2026 results on May 6 with adjusted net income rising 8% to $1.21 billion or $1.94 per share, beating the $1.88 consensus estimate. The company eclipsed $1 trillion in assets under management for the first time on record first-quarter inflows. Total AUM reached $1.026 trillion with fee-generating AUM of $836 billion. Revenue was $5.06 billion versus $5.19 billion forecast. Apollo closed Accord Fund VII at $1.9 billion and Hybrid Value Fund III at $6.5 billion. A dividend of $0.5625 per share was declared, payable May 29. Stock declined 1.34% post-earnings as investors focused on revenue miss and growth concerns despite AUM milestone.
May 6APO Q1 2026: AUM surpasses $1T record; raised dividend to $0.5625; Accord Fund VII closes at $1.9B; Tenneco IPO at $14B valuation.Positive▶
Apollo Global Management reported Q1 2026 results with record fee-related earnings and AUM surpassing $1.03T milestone as of March 31. Board declared raised dividend of $0.5625/sh (paid May 29). Company announced final close of Apollo Accord Fund VII with $1.9B commitments (May 4), bringing Accord Dislocation Series to $11.6B since 2017. Apollo Hybrid Value Fund III closed at $6.5B. Strategic: Tenneco IPO poised to value company at $14B. Private credit now $40T+ asset class, largely investment grade. Stock gained +1.35% ($1.74) to close at $130.46. Jennison Associates reduced stake by 41.4% in Q4. 3 buy ratings, zero sells; 9 analyst PTs average $146. Risk: private credit redemption pressures, IPO valuation execution, market disruption exposure.
May 5Apollo closes Accord Fund VII at $1.9B, Q1 earnings May 6 amid private credit pressuresMixed▶
Apollo Global Management closed Accord Fund VII at $1.9B in commitments on May 4, bringing total Accord series to $11.6B since 2017. Company reports Q1 earnings May 6 with EPS expectations of $1.98 and $1.22B revenue. Goldman Sachs and Barclays maintain Buy ratings; BofA lowered price target to $139 from $170. Private credit redemption pressures mounting as withdrawal gates limited to 5% amid AI-disrupted SaaS firm concerns.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BLKBLACKROCK | $1,048.01 | -1.48% | -2.0% | 17.5x | 1.46 | $165.1B |
| BXBLACKSTONE | $127.78 | +7.77% | +1.3% | 15.7x | 1.63 | $144.9B |
| BKBANK | $137.16 | +0.00% | +0.4% | 14.2x | 1.07 | $94.1B |
| KKRKKR | $99.74 | +5.26% | -1.3% | 12.8x | 1.85 | $88.4B |
| APOAPOLLO | $138.79 | +6.03% | -2.4% | 12.3x | 1.52 | $75.5B |
| STTSTATE | $169.28 | +10.14% | -0.0% | 11.1x | 1.46 | $42.5B |
Key Fundamentals
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Price above both MAs — bullish structure.