AssetMark Financial Stock Price, News & Analysis (NYSE:AMK)

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AssetMark Financial in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMK shares.
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4 Wall Street analysts have issued twelve-month target prices for AssetMark Financial's shares. Their AMK share price targets range from $25.00 to $36.00. On average, they anticipate the company's share price to reach $30.60 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
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AssetMark Financial's stock was trading at $23.00 at the beginning of the year. Since then, AMK stock has increased by 11.5% and is now trading at $25.64.
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AssetMark Financial saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 285,100 shares, an increase of 25.4% from the October 31st total of 227,300 shares. Based on an average daily volume of 107,000 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our AMK earnings forecast.

AssetMark Financial Holdings, Inc. (NYSE:AMK) posted its earnings results on Monday, November, 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $190.52 million for the quarter, compared to the consensus estimate of $189.73 million. AssetMark Financial had a net margin of 15.97% and a trailing twelve-month return on equity of 12.27%.

ETFs with the largest weight of AssetMark Financial (NYSE:AMK) stock in their portfolio include Invesco Dynamic Software ETF (PSJ).BlackRock Future Financial and Technology ETF (BPAY).

20 employees have rated AssetMark Financial Chief Executive Officer Charles G. Goldman on Glassdoor.com. Charles G. Goldman has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other AssetMark Financial investors own include AbbVie (ABBV), Verizon Communications (VZ), Advanced Micro Devices (AMD), Alibaba Group (BABA), Chewy (CHWY), Dominion Energy (D), DocuSign (DOCU), General Motors (GM), Global Payments (GPN) and International Business Machines (IBM).

(AMK) raised $250 million in an initial public offering on Thursday, July 18th 2019. The company issued 12,500,000 shares at $19.00-$21.00 per share. J.P. Morgan, Goldman Sachs, Credit Suisse and Huatai Securities (USA) served as the underwriters for the IPO and BMO Capital Markets, Raymond James and William Blair were co-managers.

AssetMark Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (4.05%), Jennison Associates LLC (2.32%), Adage Capital Partners GP L.L.C. (1.06%), Blair William & Co. IL (0.37%), Seneca House Advisors (0.33%) and Northern Trust Corp (0.29%). Insiders that own company stock include Carrie E Hansen, Gary G Zyla, Jeremiah H Chafkin, Joel David Mcnatt Jr, John Hahn, Michael Kim, Mukesh Mehta, Natalie Grace Wolfsen and Ted F Angus.
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Shares of AMK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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