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NYSE:AMK

AssetMark Financial Stock Forecast, Price & News

$22.40
-0.63 (-2.74 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$22.08
Now: $22.40
$23.18
50-Day Range
$22.80
MA: $24.64
$28.02
52-Week Range
$13.94
Now: $22.40
$34.02
Volume469,736 shs
Average Volume99,784 shs
Market Capitalization$1.62 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.19
AssetMark Financial Holdings, Inc. provides wealth management and technology solutions in the United States. The company offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology to the financial adviser channel. It offers an integrated technology platform that allows advisers to do research and portfolio analysis, create proposals, open and maintain accounts, implement investments, and meet reporting obligations; delivers its platform and solutions through people who get to know the company's clients; and provides curated platform of investment options. The company also offers mutual funds to clients of financial advisers; custodial recordkeeping services primarily to investor clients of registered investment advisers; and record-keeper and third-party administrator services for retirement products. It serves independent advisers who provide wealth management advice to the U.S. investors. The company was founded in 1996 and is headquartered in Concord, California. AssetMark Financial Holdings, Inc. is a subsidiary of AssetMark Holdings LLC.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
CIKN/A
Phone925-521-2200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$417.94 million
Cash Flow$0.94 per share
Book Value$11.86 per share

Profitability

Net Income$-420,000.00

Miscellaneous

Employees620
Market Cap$1.62 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableNot Optionable
$22.40
-0.63 (-2.74 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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AssetMark Financial (NYSE:AMK) Frequently Asked Questions

How has AssetMark Financial's stock been impacted by COVID-19 (Coronavirus)?

AssetMark Financial's stock was trading at $21.71 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AMK shares have increased by 3.2% and is now trading at $22.40.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of AssetMark Financial?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AssetMark Financial in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for AssetMark Financial
.

When is AssetMark Financial's next earnings date?

AssetMark Financial is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for AssetMark Financial
.

How were AssetMark Financial's earnings last quarter?

AssetMark Financial Holdings (NYSE:AMK) announced its quarterly earnings data on Tuesday, August, 4th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.22 by $0.01. The business had revenue of $99.13 million for the quarter, compared to analyst estimates of $99.50 million. AssetMark Financial had a negative net margin of 2.99% and a positive return on equity of 2.78%.
View AssetMark Financial's earnings history
.

What price target have analysts set for AMK?

4 analysts have issued 12 month price targets for AssetMark Financial's stock. Their forecasts range from $24.00 to $31.00. On average, they anticipate AssetMark Financial's stock price to reach $27.50 in the next twelve months. This suggests a possible upside of 22.8% from the stock's current price.
View analysts' price targets for AssetMark Financial
.

Are investors shorting AssetMark Financial?

AssetMark Financial saw a decrease in short interest in August. As of August 14th, there was short interest totaling 1,270,000 shares, a decrease of 17.5% from the July 30th total of 1,540,000 shares. Based on an average trading volume of 136,800 shares, the days-to-cover ratio is presently 9.3 days. Currently, 7.4% of the shares of the company are short sold.
View AssetMark Financial's Short Interest
.

Who are some of AssetMark Financial's key competitors?

What other stocks do shareholders of AssetMark Financial own?

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 IBM (IBM).

Who are AssetMark Financial's key executives?

AssetMark Financial's management team includes the following people:
  • Mr. Charles George Goldman, Pres, CEO & Director (Age 57)
  • Mr. Gary G. Zyla, Exec. VP & CFO (Age 47)
  • Ms. Carrie Ellen Hansen CPA, Exec. VP & COO (Age 49)
  • Mr. Jeremiah Harrison Chafkin, Exec. VP & Chief Investment Officer (Age 59)
  • Mr. Mukesh Mehta, Exec. VP & Chief Information Officer (Age 53)

When did AssetMark Financial IPO?

(AMK) raised $250 million in an initial public offering (IPO) 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.

What is AssetMark Financial's stock symbol?

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

Who are AssetMark Financial's major shareholders?

AssetMark Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.14%), Jennison Associates LLC (0.90%), Victory Capital Management Inc. (0.80%), Nuveen Asset Management LLC (0.21%), First Trust Advisors LP (0.18%) and Charles Schwab Investment Management Inc. (0.13%). Company insiders that own AssetMark Financial stock include Carrie E Hansen, Charles G Goldman, Esi Minta-Jacobs, Gary G Zyla, Jeremiah H Chafkin, Michael Kim, Mukesh Mehta, Natalie Grace Wolfsen, Securities Co Ltd Huatai and Ted F Angus.
View institutional ownership trends for AssetMark Financial
.

Which institutional investors are selling AssetMark Financial stock?

AMK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Balyasny Asset Management LLC, and UBS Group AG. Company insiders that have sold AssetMark Financial company stock in the last year include Carrie E Hansen, Charles G Goldman, Esi Minta-Jacobs, Gary G Zyla, Jeremiah H Chafkin, Michael Kim, Mukesh Mehta, Natalie Grace Wolfsen, and Ted F Angus.
View insider buying and selling activity for AssetMark Financial
.

Which institutional investors are buying AssetMark Financial stock?

AMK stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Vanguard Group Inc., Jennison Associates LLC, Nuveen Asset Management LLC, First Trust Advisors LP, Bank of America Corp DE, WINTON GROUP Ltd, and Swiss National Bank.
View insider buying and selling activity for AssetMark Financial
.

How do I buy shares of AssetMark Financial?

Shares of AMK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is AssetMark Financial's stock price today?

One share of AMK stock can currently be purchased for approximately $22.40.

How big of a company is AssetMark Financial?

AssetMark Financial has a market capitalization of $1.62 billion and generates $417.94 million in revenue each year. The company earns $-420,000.00 in net income (profit) each year or $0.54 on an earnings per share basis. AssetMark Financial employs 620 workers across the globe.

What is AssetMark Financial's official website?

The official website for AssetMark Financial is www.assetmark.com.

How can I contact AssetMark Financial?

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

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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