Apollo Global Mourns Director David Simon’s Passing

Apollo Global Management ( (APO) ) has issued an announcement.

Apollo Global Management, Inc. announced that independent director David Simon, who had served on its board and that of its predecessor since June 2021, passed away on March 22, 2026. The company expressed deep regret at his death, extended condolences to his family and friends, and emphasized its gratitude for his dedication and service, marking a meaningful change in its board composition.

The loss of a long-serving independent director may prompt Apollo Global Management to review and adjust its board structure and governance arrangements in the coming period. Stakeholders may closely watch how the company addresses this vacancy, given the role independent directors play in oversight, strategic guidance, and maintaining investor confidence in a large alternative asset manager.

The most recent analyst rating on (APO) stock is a Buy with a $165.00 price target. To see the full list of analyst forecasts on Apollo Global Management stock, see the APO Stock Forecast page.

Spark’s Take on APO Stock

According to Spark, TipRanks’ AI Analyst, APO is a Outperform.

The score is driven primarily by solid financial performance (strong 2025 profitability and cash generation with improved leverage) and a bullish earnings outlook with clear growth guidance. These positives are tempered by weak technical trend/momentum signals and only moderate valuation support.

To see Spark’s full report on APO stock, click here.

More about Apollo Global Management

Apollo Global Management, Inc. is a global alternative asset manager operating in the financial services industry, specializing in private equity, credit, and real assets investment strategies for institutional and individual investors. The firm focuses on generating long-term, risk-adjusted returns across market cycles through active management and capital deployment in diverse sectors and geographies.

Average Trading Volume: 5,066,143

Technical Sentiment Signal: Hold

Current Market Cap: $63.87B

Find detailed analytics on APO stock on TipRanks’ Stock Analysis page.