Apollo Global Management collaborates with OneDigital for private equity access
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
0mins
Should l Buy APO?
Source: Benzinga
Apollo Global Management Inc. experienced a decline of 3.02% as it hit a 20-day low.
The stock movement is attributed to a partnership formation where Apollo Management, along with Blackstone and Ares Management, is collaborating with OneDigital to integrate private equity into 401(k) plans. This initiative aims to provide access to private market investments for U.S. retirement accounts, reflecting the growing demand for alternative investment options in the market.
This collaboration highlights Apollo's strategic efforts to expand its market presence in the private equity sector, potentially enhancing its competitiveness and addressing the evolving needs of investors.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APO is 162.77 USD with a low forecast of 136.00 USD and a high forecast of 186.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 126.080
Low
136.00
Averages
162.77
High
186.00
Current: 126.080
Low
136.00
Averages
162.77
High
186.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Product Innovation Plan: The firms will co-create new investment products that blend public and private market fixed income exposures, aiming to provide enhanced income solutions for UK wealth clients, improving excess returns per unit of risk, with the first product expected to launch later this year.
- Market Demand Response: This partnership reflects the growing global demand for hybrid investment solutions, with successful market testing indicating potential client interest pointing to a multi-billion dollar annual opportunity, further solidifying Schroders' leadership position in the UK wealth market.
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- Product Innovation Plans: The firms will jointly launch new investment products that blend public and private market fixed income exposures, aiming to provide better income solutions for UK wealth clients and enhance excess returns per unit of risk, with the first product expected to launch later this year.
- Market Demand Response: This partnership reflects the growing global demand for hybrid investment solutions, with successful market testing indicating potential flows from existing clients that could yield multi-billion-dollar annual opportunities, addressing increasing savings and retirement needs.
- Combined Leadership Strengths: Schroders, managing over $1 trillion in assets, and Apollo, focusing on private investments, will leverage their complementary capabilities to meet the urgent societal need for reliable income solutions, driving future business growth.
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- Rising Default Risks: UBS Group has warned that in an aggressive disruption scenario, default rates in U.S. private credit could rise to 13%, significantly higher than the projected stress for leveraged loans and high-yield bonds, estimated at 8% and 4%, respectively.
- Liquidity Issues Intensified: Although strains in private credit predate AI concerns, Jeffrey C. Hooke noted that existing liquidity and loan extension issues have been exacerbated by recent developments, adding new challenges to an already pressured sector.
See More
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- Cisco's AI Focus: Cisco anticipates earnings of $1.02 per share and revenue of $15.1 billion for Q2 FY2026, with CEO highlighting a major multi-year campus networking refresh, making AI infrastructure demand a critical growth driver.
- Importance of Employment Report: The January employment report is expected to show an addition of 80,000 nonfarm payrolls and an unchanged unemployment rate of 4.4%, directly impacting private consumption and U.S. GDP, making it crucial for investors to monitor.
- Consumer Price Index Insights: The January CPI is projected to increase by 2.5% year-over-year, with core CPI rising by 2.6%, providing essential inflation details despite not being the Fed's preferred measure, particularly regarding persistent shelter cost inflation.
See More
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