APO changes
Pick any two versions below to diff them.
- Price
- $113.55 → $122.95(+8.3%)
- Discount category
- Below intrinsic value → Close to intrinsic value
- Recent events
- Nov added: 9, 2026: Apollo priced $600 million of 7.550% fixed-rate resettable junior subordinated notes due 2056. It will use the money for general purposes, which include the investment in Mubadala Capital. Nov 3, 2026: Apollo reported Q3 2026 results. FRE was a record $802 million, up 23% from a year earlier. SRE was $844 million, down 3%, after a $65 million charge from Athene's yearly review of actuarial assumptions; without it, SRE was a record $909 million, up 7%. Adjusted net income was $1.29 billion, or $2.07 per share. Apollo had a GAAP net loss of $1.06 billion, mainly because higher interest rates caused unrealized losses on investments at Athene. Inflows were $53 billion, origination was a record $114 billion and AUM was about $1.07 trillion. Apollo declared a dividend of $0.5625 per share. Oct added: 26, 2026: Apollo agreed to make a $1.25 billion equity investment in Mubadala Capital, the alternative asset management arm of Mubadala Investment Company. Apollo expects the deal to close in Q4 2026, after regulatory approvals, and will pay in 2026 and 2027. Oct 5, 2026: Apollo estimated alternative net investment income of about $375 million before tax for Q3 2026, an annualized return of about 10%. It said it will publish its Q3 2026 results on November 3, 2026. Aug 7, 2026: Athene issued $1.0 billion of 6.150% senior notes due 2036. Aug 4, 2026: Apollo reported Q2 2026 results. FRE was a record $785 million, up 25% from a year earlier. SRE was $877 million, up 7%. Adjusted net income was $1.31 billion and GAAP net income attributable to Apollo was $1.34 billion. Inflows were $59.7 billion in the quarter. Apollo declared a dividend of $0.5625 per share. Jul 31, 2026: All remaining shares of Apollo's 6.75% Series A Mandatory Convertible Preferred Stock converted into common stock. The preferred stock had a liquidation preference of about $1.4 billion. May 6, 2026: Apollo reported Q1 2026 results with a GAAP net loss. In the quarter, it recorded a full valuation allowance of $1.7 billion against its Bermuda deferred tax assets, because it no longer expects Athene to pay Bermuda corporate income tax that these assets could reduce. The charge did not change adjusted net income.