Charles Schwab Investment Management Inc. Raises Stock Position in AlTi Global, Inc. (NASDAQ:ALTI)

Charles Schwab Investment Management Inc. grew its holdings in shares of AlTi Global, Inc. (NASDAQ:ALTI - Free Report) by 58.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 432,617 shares of the basic materials company's stock after purchasing an additional 159,357 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.31% of AlTi Global worth $1,618,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in shares of AlTi Global by 89.9% in the second quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company's stock worth $555,000 after buying an additional 50,379 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in AlTi Global in the 2nd quarter valued at about $214,000. CV Advisors LLC purchased a new position in AlTi Global in the 3rd quarter worth approximately $85,000. Rhumbline Advisers boosted its holdings in shares of AlTi Global by 109.2% during the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company's stock worth $195,000 after purchasing an additional 19,547 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of AlTi Global in the third quarter valued at approximately $63,000. Hedge funds and other institutional investors own 3.57% of the company's stock.

AlTi Global Price Performance

Shares of NASDAQ:ALTI traded up $0.15 during midday trading on Tuesday, hitting $4.48. The company had a trading volume of 115,430 shares, compared to its average volume of 149,247. AlTi Global, Inc. has a twelve month low of $3.47 and a twelve month high of $9.22. The stock has a market cap of $626.42 million, a price-to-earnings ratio of -2.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05. The business's 50-day simple moving average is $4.32 and its 200-day simple moving average is $4.37.

Insider Transactions at AlTi Global

In related news, major shareholder Tiedemann Advisors, Llc purchased 306,127 shares of AlTi Global stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average cost of $10.13 per share, with a total value of $3,101,066.51. Following the purchase, the insider now owns 6,485,038 shares of the company's stock, valued at approximately $65,693,434.94. The trade was a 4.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 22.14% of the company's stock.

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.