LB 2018 GST Trust acquires 607,725 shares of APO for $67.7M at $111.40 as stock down 38.2% from 52-week high
The LB 2018 GST Trust purchased 607,725 shares (607.7K shares) at $111.40 on 2025-04-04, representing a substantial $67,697,526.38 ($67.7M) commitment that increased holdings from 14,029 shares (14.0K shares) to 621,754 shares (621.8K shares). The transaction occurred when APO traded at $110.41, a current price that is -38.2% from the 52-week high of $178.61 and down -31.8% over the past 90 days. Apollo Global Management carries a P/E of 11.71 against a market cap of $62,986,748,140.65 ($63.0B), with recent quarterly revenue of $7,773,000,000.00 ($7.8B) and net income of $811,000,000.00 ($811.0M), though annual revenue growth shows -20.0%. This large-scale acquisition into a position currently underwater from its 52-week peak, combined with the company's recent revenue decline, merits scrutiny into the trust's investment thesis.