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Basswood Capital invests about $3M in Apollo Global Management shares

Apollo Global Management logoApollo Global Management
Sig1.25Sen+1.30Env0.00Soc0.00Gov0.00

Basswood Capital Management purchased 25,343 shares of Apollo Global Management, valued at about $3.0 million. Other shareholders also increased stakes, including Legal & General Group Plc and PNC Financial Services Group. Multiple research notes adjusted Apollo’s outlook, with UBS raising its target price to $172 and changing its rating to buy, while Weiss maintained a hold.

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