Barclays Reiterates Overweight Rating on Apollo Global Management with Focus on Investor Day - What You Need to Know
Barclays has reiterated its positive outlook on Apollo Global Management (NYSE:), maintaining a price target of $128.00. The upcoming 2024 Investor Day hosted by Apollo on October 1 is a key event where the company is expected to present updated medium to longer-term objectives. Investors are particularly interested in areas such as assets under management (AUM), third-party fundraising efforts, and various financial metrics like fee-related earnings (FRE) and adjusted net income.
Barclays is also looking for insights into Apollo's revenue strategies, compensation ratios, and details on Athene's gross invested assets. With Apollo revising its SRE growth guidance, there is a heightened focus on growth prospects for Athene. Additionally, Apollo's recent partnerships and investments, including a $25 billion private credit program with Citigroup and a potential investment in Intel, have garnered attention.
InvestingPro Insights: Apollo Global Management is a significant player in the financial services industry, with a strong market capitalization and investor confidence. The company's commitment to shareholder returns, dividend payments, and financial stability make it an attractive investment option. Stay tuned for further updates on Apollo's strategic moves and financial performance.
In summary, Apollo Global Management's upcoming Investor Day and recent activities present opportunities for investors to gain valuable insights into the company's growth prospects and market position. With a focus on key financial metrics and strategic initiatives, investors can make informed investment decisions based on Apollo's performance and potential.