Shares of AssetMark Financial Holdings, Inc. (NYSE:AMK - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.75 and last traded at $36.22, with a volume of 44157 shares trading hands. The stock had previously closed at $34.55.
Analysts Set New Price Targets
Separately, Raymond James boosted their price objective on AssetMark Financial from $36.00 to $38.00 and gave the company a "strong-buy" rating in a report on Thursday, January 11th.
Check Out Our Latest Report on AMK
AssetMark Financial Trading Up 6.6 %
The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.84 and a current ratio of 3.84. The company has a 50 day moving average of $33.99 and a two-hundred day moving average of $29.26. The stock has a market cap of $2.74 billion, a PE ratio of 22.45 and a beta of 1.11.
AssetMark Financial (NYSE:AMK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $158.18 million during the quarter, compared to analyst estimates of $188.88 million. AssetMark Financial had a return on equity of 12.74% and a net margin of 17.38%. Sell-side analysts anticipate that AssetMark Financial Holdings, Inc. will post 2.41 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AMK. Advisory Services Network LLC acquired a new position in AssetMark Financial in the first quarter valued at approximately $27,000. Citigroup Inc. increased its holdings in AssetMark Financial by 70.8% in the first quarter. Citigroup Inc. now owns 1,192 shares of the company's stock valued at $37,000 after buying an additional 494 shares during the last quarter. Quantbot Technologies LP purchased a new position in AssetMark Financial in the third quarter valued at $81,000. State of Wyoming purchased a new position in AssetMark Financial in the fourth quarter valued at $113,000. Finally, Legal & General Group Plc increased its holdings in AssetMark Financial by 32.4% in the second quarter. Legal & General Group Plc now owns 7,099 shares of the company's stock valued at $134,000 after buying an additional 1,738 shares during the last quarter. 28.64% of the stock is currently owned by institutional investors and hedge funds.
AssetMark Financial Company Profile
(
Get Free Report)
AssetMark Financial Holdings, Inc, together with its subsidiaries, provides wealth management platform in the United States. It offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology solutions to the financial adviser channel.
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