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M&T Bank Corp Raises Position in Apollo Global Management Inc. $APO
M&T Bank Corp significantly increased its stake in Apollo Global Management Inc. by 439.1% in the fourth quarter, now owning 61,876 shares valued at $8,957,000. Several other institutional investors also modified their holdings, with hedge funds and institutional investors owning 77.06% of the company’s stock. The article also touches on recent positive news for Apollo, including potential acquisitions and strategic investments, alongside negative sentiment related to a securities class action lawsuit.