Allianz SE Buys 1,523,289 Shares of AlTi Global, Inc. $ALTI

Allianz SE lifted its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,841,870 shares of the basic materials company’s stock after buying an additional 1,523,289 shares during the quarter. AlTi Global makes up about 1.6% of Allianz SE’s investment portfolio, making the stock its 12th largest position. Allianz SE owned about 14.21% of AlTi Global worth $74,197,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ALTI. Tower Research Capital LLC TRC increased its holdings in AlTi Global by 158.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 5,912 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of AlTi Global during the first quarter valued at about $42,000. The Manufacturers Life Insurance Company increased its holdings in shares of AlTi Global by 25.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 3,679 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of AlTi Global by 15.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock worth $97,000 after buying an additional 3,109 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of AlTi Global in the third quarter worth about $107,000. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Stock Up 1.1%

Shares of ALTI opened at $4.49 on Friday. The business has a fifty day moving average of $4.50 and a 200 day moving average of $4.21. The company has a market cap of $658.46 million, a PE ratio of -2.48 and a beta of 0.75. AlTi Global, Inc. has a 52-week low of $2.33 and a 52-week high of $5.45.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AlTi Global in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.