10:55 AM EST, 11/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target by $5 to $165 using a narrower equity risk premium and a forward P/E of 17.6x compared to the five-year historic average at 20.3x. We increase our 2025 adj. net income per share by $0.15 to $8.05 and keep 2026's at $9.40 on projected revenue of $4.42B and $5.27B, respectively. APO reported adj. net income per share of $2.17, a $0.22 earnings beat to consensus. In our opinion, the public equity market does not reward APO's share price for a more concentrated AUM portfolio in private credit and less diversification in private equity, real estate, or other real asset investment classes. APO has a leading position in insurance with Athene, a reliable contributor to performance and steady growth as a leader in retirement services offering annuity products. APO shares have a stock beta of 1.61 above the broader equity market and a dividend yield of 1.65%. We think APO's growth opportunity is driven by fundraising from institutions, insurance spreads, and entry to the wealth market.