Allianz SE Takes Position in AlTi Global, Inc. (NASDAQ:ALTI)

Allianz SE bought a new stake in AlTi Global, Inc. (NASDAQ:ALTI) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 19,318,581 shares of the basic materials company’s stock, valued at approximately $85,581,000. AlTi Global makes up approximately 2.2% of Allianz SE’s portfolio, making the stock its 7th largest position. Allianz SE owned approximately 0.14% of AlTi Global at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of AlTi Global by 41.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock valued at $4,041,000 after acquiring an additional 318,860 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AlTi Global by 58.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after buying an additional 159,357 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of AlTi Global by 198.8% in the fourth quarter. JPMorgan Chase & Co. now owns 80,939 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 53,847 shares during the period. Barclays PLC boosted its position in AlTi Global by 264.8% in the 3rd 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. Finally, State Street Corp grew its stake in AlTi Global by 5.6% during the 3rd quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock valued at $2,020,000 after purchasing an additional 28,689 shares in the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

AlTi Global Price Performance

ALTI opened at $3.04 on Friday. The company has a 50-day moving average of $3.47 and a 200-day moving average of $3.96. AlTi Global, Inc. has a 1-year low of $2.33 and a 1-year high of $5.83. The company has a market capitalization of $425.07 million, a P/E ratio of -1.74 and a beta of 0.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05.

AlTi Global (NASDAQ:ALTI) last issued its quarterly earnings data on Thursday, March 13th. The basic materials company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.65). The company had revenue of $53.33 million for the quarter, compared to the consensus estimate of $74.60 million. AlTi Global had a positive return on equity of 2.31% and a negative net margin of 41.51%. During the same quarter in the previous year, the company earned ($0.88) earnings per share. Equities analysts expect that AlTi Global, Inc. will post -0.14 EPS for the current fiscal 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.