Allianz SE Purchases New Holdings in AlTi Global, Inc. (NASDAQ:ALTI)

Allianz SE acquired a new stake in shares of AlTi Global, Inc. (NASDAQ:ALTI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,318,581 shares of the basic materials company's stock, valued at approximately $85,581,000. AlTi Global comprises about 2.2% of Allianz SE's investment portfolio, making the stock its 7th biggest position. Allianz SE owned about 13.82% of AlTi Global at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ALTI. Charles Schwab Investment Management Inc. increased its position in AlTi Global by 58.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company's stock valued at $1,618,000 after acquiring an additional 159,357 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AlTi Global by 41.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company's stock worth $4,041,000 after purchasing an additional 318,860 shares during the period. State Street Corp boosted its holdings in shares of AlTi Global by 5.6% in the third quarter. State Street Corp now owns 540,213 shares of the basic materials company's stock worth $2,020,000 after buying an additional 28,689 shares during the last quarter. JPMorgan Chase & Co. grew its position in AlTi Global by 16.9% during the third quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company's stock valued at $101,000 after buying an additional 3,925 shares during the period. Finally, Barclays PLC increased its holdings in AlTi Global by 264.8% during the third quarter. Barclays PLC now owns 44,457 shares of the basic materials company's stock valued at $167,000 after buying an additional 32,269 shares during the last quarter. Institutional investors own 3.57% of the company's stock.

AlTi Global Stock Performance

Shares of AlTi Global stock traded up $0.03 on Wednesday, hitting $3.19. 32,718 shares of the company's stock were exchanged, compared to its average volume of 144,078. AlTi Global, Inc. has a 1 year low of $2.33 and a 1 year high of $5.45. The company has a 50-day simple moving average of $3.43 and a 200-day simple moving average of $3.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. The stock has a market capitalization of $453.74 million, a PE ratio of -1.82 and a beta of 0.73.

AlTi Global (NASDAQ:ALTI - Get Free Report) last released its earnings results on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.65). The company had revenue of $53.33 million for the quarter, compared to analysts' expectations of $74.60 million. AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. During the same quarter last year, the firm posted ($0.88) earnings per share. As a group, equities analysts anticipate that AlTi Global, Inc. will post -0.14 EPS for the current year.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.