Apollo Global Management is a fast-growing asset manager (64% YoY growth, industry growth leader) at an attractive forward P/E of 10.9x with 14.6% upside to the analyst target, but it sits in a confirmed downtrend with credit-strategy concentration and moderate quality.
Thesis pillars
- Credit Concentration Leverage↓Deteriorating
- Industry Leading Growth↓Deteriorating
- Attractive Valuation Vs Growth↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026, based on the 10-K filed Feb 25, 2026
Apollo Global Management, Inc. (APO) Stock Analysis
Momentum Cont setup
Financial Services · Asset Management
Sell if holding. Engine safety override at $122.76: Quality below floor (0.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.2/10. Specifically: Elevated put/call ratio: 1.32; Below-average business quality.
Apollo Global Management, founded in 1990, is a global alternative asset manager and retirement services provider with $938.4 billion in total AUM as of December 31, 2025, across Asset Management, Retirement Services (conducted through Athene), and Principal Investing segments.... Read more
Sell if holding. Engine safety override at $122.76: Quality below floor (0.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.2/10. Specifically: Elevated put/call ratio: 1.32; Below-average business quality. Chart setup: Trend continuation, RSI 65, MACD bullish. Score 5.2/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news boost analyst 0.50, earnings proximity 95d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Apollo Global Management, Inc.
About Apollo Global Management, Inc.
Apollo Global Management had $938.4 billion in total assets under management at December 31, 2025, spanning three segments — Asset Management, Retirement Services, and Principal Investing. The credit strategy dominated with $749.2 billion of AUM, including $302.1 billion in direct origination and $282.7 billion in asset-backed finance. The equity strategy held $189.2 billion, and origination volumes across the platform reached $309 billion in 2025, with core credit and origination platforms accounting for approximately 45% and 40% of that total, respectively.
Apollo generates fee-related earnings from the Asset Management segment through management fees and performance fees on invested capital. The Retirement Services segment, conducted through Athene, generates spread income by combining long-duration liability sourcing — through fixed rate, fixed indexed, registered index-linked, and payout annuities — with Apollo's origination and asset management capabilities. Apollo managed or advised $392.2 billion of fee-generating AUM in accounts owned by or related to Athene as of December 31, 2025. Athora, a European life insurance reinsurance platform, represented $57.2 billion of AUM. Perpetual capital structures — which include certain credit strategy assets, origination platform assets, and retirement services client assets — comprised $535.6 billion, approximately 57% of total AUM. Apollo acquired Bridge Investment Group Holdings in 2025, a real estate fund manager focused on residential and industrial properties in the United States.
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A material portion of Apollo's fee-generating AUM is tied to Athene: $386.5 billion of fee-generating AUM was in Athene accounts at December 31, 2025. The 10-K notes that Athene's liabilities are sensitive to changing market factors and that in times of economic hardship policyholders may defer or stop paying insurance premiums or surrender policies — conditions that could weigh on Athene's liability origination and, in turn, on the management fee base Apollo derives from Athene's investment portfolio.
See also: Financial Services · Asset Management
From Apollo Global Management, Inc. 's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated Nov 5, 2026Recent Developments — Apollo Global Management, Inc.
Latest news
- NEWS Deutsche Bank Adjusts Apollo Global Management Price Target to $160 From $152 — fiscal.ai Nov 5, 2026 positive
- NEWS A Look at Apollo Global Management Inc (APO) After 4.5% Gain -- GF Value $112.59 vs Price $118.56 - GuruFocus — GuruFocus Oct 29, 2026 positive
- NEWS Analysts Have Conflicting Sentiments on These Financial Companies: Robinhood (HOOD), Apollo Global Management (APO) and — The Globe and Mail Oct 29, 2026 neutral
- NEWS Apollo Deepens Middle East Ties: Will Mubadala Deal Drive Growth? - TradingView — TradingView Oct 28, 2026 positive
- NEWS APO Maintained by BMO Capital -- Price Target Lowered to $124 - GuruFocus — GuruFocus Oct 27, 2026 negative
Latest item Nov 5, 2026 · Generated 2026-11-05T11:54:11Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductCredit strategy10-K Item 1: 'Credit is our largest asset management strategy with $749.2 billion of AUM as of December 31, 2025'
- MEDIUMcounterpartyAthene10-K Item 1: 'Apollo managed or advised $392.2 billion of AUM, of which $386.5 billion was Fee-Generating AUM, in accounts owned by or related to Athene'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Unprofitable operations — net margin -3.0%. Quality floor flags this regardless of sector context.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $122.76: Quality below floor (0.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.2/10. Specifically: Elevated put/call ratio: 1.32; Below-average business quality. Chart setup: Trend continuation, RSI 65, MACD bullish. Prior stop was $114.17. Score 5.2/10, moderate confidence.
Analyst target: $133.11 (+8.4% upside). Prior stop was $114.17. Stop-loss: $114.17.
Concentration risk — Product: Credit strategy; Quality below floor (0.9 < 4.0).
Apollo Global Management, Inc. trades at a P/E of N/A (forward 11.5). TrendMatrix value score: 8.5/10. Verdict: Sell.
28 analysts rate APO, with a consensus score of 3.9/5. 20 analysts publish price targets averaging $148.
What does Apollo Global Management, Inc. do?Apollo Global Management, founded in 1990, is a global alternative asset manager and retirement services provider with...
Apollo Global Management, founded in 1990, is a global alternative asset manager and retirement services provider with $938.4 billion in total AUM as of December 31, 2025, across Asset Management, Retirement Services (conducted through Athene), and Principal Investing segments. The firm earns fee-related earnings from investment management and spread income from Athene's annuity business. Perpetual capital structures represent approximately 57% of total AUM, supporting continuous capital deployment.