On August 5, Apollo Global Management LLC rose 3.12% in regular trading, trading at $133.48/share, with turnover of $349 million. The rally follows the company's Q2 earnings release on August 4, which delivered revenue significantly above consensus alongside robust fundraising updates.

Apollo reported Q2 total revenue of $11.15 billion, surging 63.7% year-over-year and nearly doubling the market consensus estimate of $5.69 billion. Fee-related earnings reached $785 million, up 25.2% YoY, also exceeding the $767 million estimate. Adjusted EPS came in at $2.11, rising 9.9% YoY but marginally missing the analyst consensus of $2.16-$2.17. The company maintained its quarterly cash dividend of $0.5625 per share. On the fundraising front, the president disclosed that Apollo's latest flagship private equity fund has raised over $12 billion, while redemption demand in its non-traded private credit fund has dropped to half the level seen during the prior tender offer, signaling stabilizing investor sentiment.

Additionally, Piper Sandler raised its price target to $159 from $156, maintaining an Overweight rating. The average analyst target stands at $148.95 with an overweight consensus rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)