Apollo Global Management (APO)
Combines alternative asset management and credit origination with Athene's retirement-services platform.
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Manages alternative investments across credit, equity, and real assets, while Athene issues and reinsures retirement savings products. Management and performance fees sit alongside insurance spread income, with a broad credit-origination network serving both managed funds and Athene's portfolio.
Manages alternative investments across credit, equity, and real assets for institutional and individual clients worldwide, earning management, transaction, and performance fees. A broad origination network sources corporate, asset-backed, real estate, and infrastructure financing for managed funds and insurance portfolios. The completed Bridge acquisition added specialized real estate investment capabilities.
Provides retirement savings products through Athene, including annuities, pension risk transfers, funding agreements, and reinsurance. Premiums and other long-dated liabilities are invested largely in fixed-income assets, creating spread income alongside the asset-management fee stream. Results depend on fundraising, deployment, investment performance, credit quality, interest rates, and the cost of policyholder obligations. The integrated model is governed by both investment-adviser and insurance regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 20, 2026 | HSBC | Initiate | Rating: —Target: — | Target: $145 |
| Jul 15, 2026 | Citigroup | Upgrade | ||
| Feb 23, 2026 | RBC Capital | Target | Target: — | Target: $142 |
| Feb 9, 2026 | Goldman Sachs | Target | Target: $155 | Target: $165 |
| Dec 11, 2025 | UBS | Target | Target: — | Target: $186 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $26.82B · Total debt $13.73B · Total assets $494.05B · Shareholders' equity $21.01B
- Revenue
- $11.21B
- Operating income
- $2.61B
- Net income
- $1.36B
HistoryDividendAnnual yield
| Institutions | 67.79% | 390.81M shares | |
|---|---|---|---|
| 1,246 holders · as of Jun 30, 2026 | |||
| Insiders | 28.54% | 164.53M shares | |
| 22 holders · as of Sep 14, 2026 | |||
| Strategic holders | 10.56% | 60.87M shares | |
| 5 holders · as of Aug 14, 2026 | |||
| Adds to | 106.89% | ||
576.52M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 106.89%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Leon D. Black1,2,3Insiderother: See remarks. | 15.38% | 39.00M · 50.73M | filed Oct 24, 2025 |
Joshua Harris4,5Insider | 5.95% | 34.31M | filed Oct 16, 2024 |
Marc J. Rowan6,7Insiderdirector, officer, other: Chief Executive Officer and | 5.91% | 34.33M | filed May 11, 2026 |
BlackRock, Inc.Institution | 5.76% | 33.22M | as of Jun 30, 2026 |
Socrates TrustStrategicother: See remarks. | 5.14% | 29.63M | filed Dec 3, 2025 |
- Leon D. Black's transaction reports restate only vehicles that traded; the 2025 ownership statement (39.00M) less the 1.03M net shares sold since is used instead.
- Leon D. Black reports a block also reported by Heritage Trust u/a/d 11/12/2018; it is counted once, under Heritage Trust u/a/d 11/12/2018.
- Leon D. Black reports a block also reported by another filer; it is counted once, under that filer.
- Joshua Harris's transaction reports restate only vehicles that traded; the 2024 ownership statement (34.31M) is used instead.
- Joshua Harris reports a block also reported by another filer; it is counted once, under that filer.
- Marc J. Rowan's transaction reports restate only vehicles that traded; the 2025 ownership statement (34.33M) less the 274.0K net shares sold since is used instead.
- Marc J. Rowan reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Martin Kelly | officer: Chief Financial Officer | −3,000 | $140.85 |
| May 27, 2026 | John P. Zito | officer: Co-President (see Remarks) | −48,644 | $130.66 |
| May 14, 2026 | Martin Kelly | officer: Chief Financial Officer | −7,000 | $134.64 |
| Dec 10, 2025 | Whitney Chatterjee | officer: Chief Legal Officer | −8,500 | $146.03 |
| Dec 1, 2025 | Martin Kelly | officer: Chief Financial Officer | −6,000 | $131.41 |
- Blackstone
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- Ares Management
Direct-lending heavyweight founded by Apollo alumnus Tony Ressler.
- Brookfield Asset Management
Real-assets giant with Brookfield Reinsurance paralleling Athene.
- The Carlyle Group
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- Blue Owl Capital
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- TPG
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Apollo Global Management | $125.76 | −1.68% | $73.67B | 28.6 | 12.8 | 2.0 | +63.7% |
| Blackstone | $124.24 | −1.72% | $152.70B | 28.1 | 19.3 | 9.5 | +2.4% |
| KKR | $99.12 | −1.70% | $90.53B | 31.7 | 14.1 | 4.3 | −44.8% |
| Ares Management | $125.13 | −1.22% | $41.60B | 52.6 | 19.3 | 6.5 | +5.8% |
| Brookfield Asset Management | $46.05 | −0.37% | $73.80B | 26.9 | 22.8 | 13.7 | +58.7% |
| The Carlyle Group | $40.50 | −0.88% | $14.71B | 42.5 | 9.8 | 3.7 | −29.3% |
| Blue Owl Capital | $9.90 | −1.21% | $15.66B | 84.3 | 10.7 | 5.2 | +7.1% |
| TPG | $45.81 | −1.54% | $17.83B | 53.5 | 14.3 | 3.8 | −31.8% |
| Median | 42.5 | 14.3 | 5.2 | +2.4% |