JPMorgan Chase & Co. Boosts Stake in AlTi Global, Inc. (NASDAQ:ALTI)

JPMorgan Chase & Co. lifted its stake in shares of AlTi Global, Inc. (NASDAQ:ALTI) by 16.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,092 shares of the basic materials company’s stock after acquiring an additional 3,925 shares during the quarter. JPMorgan Chase & Co.’s holdings in AlTi Global were worth $101,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in AlTi Global by 41.9% in the third 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 in the last quarter. State Street Corp increased its stake in shares of AlTi Global by 5.6% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in AlTi Global by 58.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock worth $1,618,000 after acquiring an additional 159,357 shares during the last quarter. Barclays PLC boosted its position in AlTi Global by 264.8% during the third quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 32,269 shares during the last quarter. Finally, CV Advisors LLC acquired a new position in AlTi Global in the 3rd quarter valued at about $85,000. 3.57% of the stock is owned by hedge funds and other institutional investors.

AlTi Global Price Performance

Shares of ALTI opened at $3.89 on Monday. AlTi Global, Inc. has a fifty-two week low of $3.47 and a fifty-two week high of $7.25. The firm’s 50 day moving average price is $4.30 and its 200 day moving average price is $4.21. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $543.94 million, a P/E ratio of -2.22 and a beta of 0.73.

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.