Apollo Global finalizes purchase of Bridge Investment
Written by Emily J. Thompson, Senior Investment Analyst
Acquisition Announcement: Apollo has completed its acquisition of Bridge Investment Group in an all-stock deal, allowing Bridge to maintain its brand and management structure within Apollo's asset management business.
Stockholder Compensation: Bridge stockholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock, valued at $11.50, leading to the cessation of Bridge's common stock trading on the New York Stock Exchange.
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 155.75 USD with a low forecast of 132.00 USD and a high forecast of 173.00 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.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 144.150
Low
132.00
Averages
155.75
High
173.00
Current: 144.150
Low
132.00
Averages
155.75
High
173.00
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.
