Wells Fargo & Company MN Grows Position in AlTi Global, Inc. (NASDAQ:ALTI)

Wells Fargo & Company MN raised its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 30.8% during the 4th quarter, HoldingsChannel reports. The firm owned 20,245 shares of the basic materials company’s stock after acquiring an additional 4,764 shares during the period. Wells Fargo & Company MN’s holdings in AlTi Global were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ALTI. Barclays PLC grew its stake in shares of 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. JPMorgan Chase & Co. raised its stake in shares of AlTi Global by 16.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock worth $101,000 after buying an additional 3,925 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of AlTi Global by 5.7% in the fourth quarter. Bank of New York Mellon Corp now owns 81,965 shares of the basic materials company’s stock worth $361,000 after acquiring an additional 4,411 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AlTi Global by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 467,415 shares of the basic materials company’s stock worth $2,061,000 after acquiring an additional 34,798 shares during the last quarter. Finally, Granite FO LLC increased its stake in AlTi Global by 216.6% in the fourth quarter. Granite FO LLC now owns 15,830 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 10,830 shares during the last quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

AlTi Global Stock Performance

AlTi Global stock opened at $3.44 on Tuesday. The stock has a fifty day moving average price of $3.12 and a 200 day moving average price of $3.78. AlTi Global, Inc. has a 52 week low of $2.33 and a 52 week high of $5.45. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $489.30 million, a P/E ratio of -1.97 and a beta of 0.75.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings results on Monday, May 12th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). AlTi Global had a positive return on equity of 2.31% and a negative net margin of 41.51%. Equities research analysts anticipate that AlTi Global, Inc. will post -0.14 earnings per share for the current 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.