Apollo Global Management Reports 17% Asset Growth in Q1

Apollo Global Management reported significant growth in assets under management (AUM), reaching $785 billion in the first quarter, driven by $43 billion in new inflows and marking a 17% year-over-year increase. Despite a decline in quarterly revenue compared to the previous year, the firm achieved record organic inflows, robust origination volumes, and strong investment performance across its main strategies. In the Retirement Services division, Apollo maintained a conservative investment approach while expanding new business. The company boosted its quarterly dividend by 10.3% to $0.51 per share, resulting in a forward yield of 1.48%. Analyst consensus rates the stock as 'Outperform' with an average price target of $156.44, though GuruFocus estimates a lower fair value, indicating potential downside risk. Apollo's leadership highlighted its ability to adapt to volatile market conditions, supported by ample capital and a disciplined investment strategy.