AlTi Global, Inc. (NASDAQ:ALTI) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 8.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 467,415 shares of the basic materials company’s stock after buying an additional 34,798 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AlTi Global were worth $2,061,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of AlTi Global by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 81,965 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 4,411 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of AlTi Global by 16.9% during the third quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 3,925 shares in the last quarter. Barclays PLC raised its stake 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 purchasing an additional 32,269 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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 valued at $4,041,000 after purchasing an additional 318,860 shares in the last quarter. Finally, State Street Corp boosted 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 worth $2,020,000 after purchasing an additional 28,689 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors and hedge funds.

AlTi Global Price Performance

AlTi Global stock opened at $3.04 on Friday. The company has a fifty day simple moving average of $3.47 and a 200-day simple moving average of $3.96. The firm has a market capitalization of $425.07 million, a price-to-earnings ratio of -1.74 and a beta of 0.73. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global, Inc. has a 52-week low of $2.33 and a 52-week high of $5.83.

AlTi Global (NASDAQ:ALTI) last announced its quarterly earnings data on Thursday, March 13th. The basic materials company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.65). The business 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 period in the prior year, the company posted ($0.88) EPS. On average, equities analysts anticipate that AlTi Global, Inc. will post -0.14 EPS for the current fiscal year.

AlTi Global 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.