AssetMark Financial (AMK) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AssetMark Financial in the last year. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMK shares.
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4 Wall Street analysts have issued 1 year price targets for AssetMark Financial's shares. Their AMK share price forecasts range from $28.00 to $37.00. On average, they anticipate the company's share price to reach $32.33 in the next twelve months. This suggests a possible upside of 13.4% 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 shares have increased by 24.0% and is now trading at $28.51.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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AssetMark Financial Holdings, Inc. (NYSE:AMK) announced its earnings results on Tuesday, November, 9th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm earned $139.67 million during the quarter, compared to analyst estimates of $137.66 million. AssetMark Financial had a trailing twelve-month return on equity of 11.56% and a net margin of 15.20%. During the same period in the prior year, the firm posted $0.11 EPS.

ETFs with the largest weight of AssetMark Financial (NYSE:AMK) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY), Invesco Raymond James SB-1 Equity ETF (RYJ), Timothy Plan US Small Cap Core ETF (TPSC), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), SPDR S&P Capital Markets ETF (KCE), First Trust Small Cap Value AlphaDEX Fund (FYT), IQ Chaikin U.S. Small Cap ETF (CSML) and First Trust Small Cap Core AlphaDEX Fund (FYX).

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 a price of $19.00-$21.00 per share. J.P. Morgan, Goldman Sachs, Credit Suisse and Huatai Securities (USA) acted as the underwriters for the IPO and BMO Capital Markets, Raymond James and William Blair were co-managers.

AssetMark Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMK."

AssetMark Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (3.75%), BlackRock Inc. (2.49%), Jennison Associates LLC (1.29%), Cerity Partners LLC (0.89%), Dimensional Fund Advisors LP (0.79%) and State Street Corp (0.63%). Insiders that own company stock include Carrie E Hansen, Charles G Goldman, Esi Minta-Jacobs, 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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One share of AMK stock can currently be purchased for approximately $28.51.

AssetMark Financial (NYSE:AMK) has a market capitalization of $2.11 billion and generates $618.31 million in revenue each year. The company earns $103.26 million in net income (profit) each year or $1.33 on an earnings per share basis.

The company employs 874 workers across the globe.

AssetMark Financial's mailing address is 1655 GRANT STREET 10TH FLOOR, CONCORD CA, 94520. The official website for the company is www.assetmark.com. The company can be reached via phone at (925) 521-2200 or via email at http://ir.assetmark.com.