NYSE:AMK AssetMark Financial (AMK) Stock Forecast, Price & News $25.08 -0.02 (-0.08%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$25.00▼$25.3750-Day Range$25.09▼$30.9652-Week Range$16.89▼$33.00Volume91,855 shsAverage Volume78,527 shsMarket Capitalization$1.86 billionP/E Ratio17.54Dividend YieldN/APrice Target$32.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability AssetMark Financial MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside27.6% Upside$32.00 Price TargetShort InterestHealthy1.34% of Float Sold ShortDividend StrengthN/ASustainability-0.18Upright™ Environmental ScoreNews Sentiment-0.01Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth9.43%From $2.12 to $2.32 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.55 out of 5 starsFinance Sector335th out of 880 stocksInvestment Advice Industry25th out of 51 stocks 3.7 Analyst's Opinion Consensus RatingAssetMark Financial has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.00, AssetMark Financial has a forecasted upside of 27.6% from its current price of $25.08.Amount of Analyst CoverageAssetMark Financial has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.34% of the float of AssetMark Financial has been sold short.Short Interest Ratio / Days to CoverAssetMark Financial has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in AssetMark Financial has recently increased by 6.98%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAssetMark Financial does not currently pay a dividend.Dividend GrowthAssetMark Financial does not have a long track record of dividend growth. Previous Next 4.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAssetMark Financial has received a 64.23% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pre-retirement counseling", "Management consulting for the financial industry", and "Financial consulting" products. See details.Environmental SustainabilityThe Environmental Impact score for AssetMark Financial is -0.18. Previous Next 2.2 News and Social Media Coverage News SentimentAssetMark Financial has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for AssetMark Financial this week, compared to 2 articles on an average week.Search Interest1 people have searched for AMK on MarketBeat in the last 30 days. MarketBeat Follows4 people have added AssetMark Financial to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, AssetMark Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.30% of the stock of AssetMark Financial is held by insiders.Percentage Held by InstitutionsOnly 28.56% of the stock of AssetMark Financial is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for AssetMark Financial are expected to grow by 9.43% in the coming year, from $2.12 to $2.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of AssetMark Financial is 17.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.49.Price to Earnings Ratio vs. SectorThe P/E ratio of AssetMark Financial is 17.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 64.18.Price to Book Value per Share RatioAssetMark Financial has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About AssetMark Financial (NYSE:AMK) StockAssetMark 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 also provides integrated technology platform for advisers for accessing a range of automated processes, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress to goal analysis, and client activity tracking; advisory services; and curated investment platform. In addition, the company provides SaaS-based financial planning, wellness, and client digital engagement solutions. Further, it offers mutual funds; custodial recordkeeping services primarily to investor clients of registered investment advisers; and wealth management solutions for individual investors. The company serves independent advisers who provide wealth management advice to the U.S. investors and advisers. AssetMark Financial Holdings, Inc. was founded in 1996 and is headquartered in Concord, California. AssetMark Financial Holdings, Inc. operates as a subsidiary of Huatai International Investment Holdings Limited.Read More AMK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AMK Stock News HeadlinesSeptember 30, 2023 | finance.yahoo.comAssetMark Fined $18M by SEC for Conflicts-of-Interest ViolationsSeptember 26, 2023 | finance.yahoo.comAssetMark to Pay $18 Million Over Disclosure Failures Involving Cash Sweeps, Revenue SharingOctober 1, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 11, 2023 | msn.comAssetMark Financial's platform assets slip 1% M/M in AugustSeptember 9, 2023 | barrons.comNatalie Wolfsen Exits AssetMark to Become CEO of OrionSeptember 8, 2023 | msn.comAssetMark names Michael Kim as CEOSeptember 8, 2023 | finance.yahoo.comAssetMark Names Michael Kim Chief Executive OfficerSeptember 8, 2023 | finance.yahoo.comNatalie Wolfsen Exits AssetMark to Become CEO of Orion Advisor ServicesOctober 1, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.August 4, 2023 | markets.businessinsider.comBMO Capital Keeps Their Hold Rating on AssetMark Financial Holdings (AMK)August 4, 2023 | seekingalpha.comAssetMark Financial Holdings, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | finance.yahoo.comAs It Attracts More Advisors, AssetMark Notches Record GrowthAugust 3, 2023 | finanznachrichten.deAssetMark, Inc.: AssetMark Reports $100.8B Platform Assets for Second Quarter 2023August 3, 2023 | finance.yahoo.comDo AssetMark Financial Holdings' (NYSE:AMK) Earnings Warrant Your Attention?August 3, 2023 | seekingalpha.comAssetMark Financial Non-GAAP EPS of $0.55 misses by $0.02, revenue of $183.23M beats by $45.37MAugust 3, 2023 | finance.yahoo.comAssetMark Reports $100.8B Platform Assets for Second Quarter 2023August 3, 2023 | finance.yahoo.comAssetMark Financial (AMK) Lags Q2 Earnings and Revenue EstimatesAugust 3, 2023 | finance.yahoo.comAssetMark Financial (AMK) Q2 Earnings: How Key Metrics Compare to Wall Street EstimatesJuly 28, 2023 | seekingalpha.comAssetMark Sees Asset Inflow Improvement But Leading Indicators Are CloudyJuly 24, 2023 | finance.yahoo.comAssetMark to Announce Second Quarter 2023 Results on August 2, 2023July 11, 2023 | finance.yahoo.com4 Top Stocks to Buy Now for Solid Earnings GrowthJuly 1, 2023 | finance.yahoo.comAMK - AssetMark Financial Holdings, Inc.June 30, 2023 | seekingalpha.comAMK AssetMark Financial Holdings, Inc.June 30, 2023 | finance.yahoo.comEarnings growth outpaced the favorable 55% return delivered to AssetMark Financial Holdings (NYSE:AMK) shareholders over the last yearJune 14, 2023 | seekingalpha.comAssetMark's platform assets inch down 0.5% M/M, but climb 10.9% Y/YJune 5, 2023 | msn.comJefferies Maintains Assetmark Financial Holdings (AMK) Hold RecommendationMay 25, 2023 | finance.yahoo.comAssetMark to Attend the 43rd Annual William Blair Growth Stock ConferenceSee More Headlines Receive AMK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AssetMark Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address AMK Company Calendar Last Earnings8/02/2023Today10/01/2023Next Earnings (Estimated)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Investment advice Sub-IndustryN/A SectorFinance Current SymbolNYSE:AMK CUSIPN/A CIK1591587 Webwww.assetmark.com Phone(925) 521-2200FaxN/AEmployees1,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$32.00 High Stock Price Forecast$37.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside+27.6%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.43 Trailing P/E Ratio17.54 Forward P/E Ratio11.83 P/E GrowthN/ANet Income$103.26 million Net Margins15.59% Pretax Margin21.00% Return on Equity11.93% Return on Assets8.99% Debt Debt-to-Equity Ratio0.08 Current Ratio2.55 Quick Ratio2.55 Sales & Book Value Annual Sales$618.31 million Price / Sales3.01 Cash Flow$2.04 per share Price / Cash Flow12.28 Book Value$15.25 per share Price / Book1.64Miscellaneous Outstanding Shares74,260,000Free Float72,554,000Market Cap$1.86 billion OptionableNot Optionable Beta1.03 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. H. Michael Kim (Age 53)CEO & Director Comp: $1.24MMr. Gary G. Zyla (Age 50)Exec. VP, Principal Accounting Officer & CFO Comp: $966.75kMs. Carrie Ellen Hansen CPA (Age 53)Exec. VP, COO & Pres Mutual Funds Mr. Christian L. Chan C.F.A.CFA, Chief Investment OfficerMr. Mukesh Kantilal Mehta (Age 56)Exec. VP & Chief Information Officer Mr. Taylor John Hamilton C.F.A.Head of Investor RelationsMr. Ted Fyke Angus J.D. (Age 51)Exec. VP & Gen. Counsel Ms. Tamara N. Bohlig (Age 54)Chief Marketing Officer Mr. Michael Joel Abelson C.F.A.CFA, Exec. VP of Corp. Devel.Ms. Esi Minta-Jacobs (Age 51)Exec. VP of HR & Program Management More ExecutivesKey CompetitorsPJT PartnersNYSE:PJTCI FinancialNYSE:CIXXFVictory CapitalNASDAQ:VCTRVirtus Investment PartnersNASDAQ:VRTSGCM GrosvenorNASDAQ:GCMGView All CompetitorsInsiders & InstitutionsAlberta Investment Management CorpBought 18,555 shares on 8/24/2023Ownership: 0.025%Wolverine Trading LLCSold 31,000 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 52,541 shares on 8/22/2023Ownership: 0.071%California State Teachers Retirement SystemBought 2,596 shares on 8/21/2023Ownership: 0.040%Nuveen Asset Management LLCSold 109,003 shares on 8/16/2023Ownership: 0.327%View All Insider TransactionsView All Institutional Transactions AMK Stock - Frequently Asked Questions Should I buy or sell AssetMark Financial stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AssetMark Financial in the last year. There are currently 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. View AMK analyst ratings or view top-rated stocks. What is AssetMark Financial's stock price forecast for 2023? 3 brokers have issued 12 month price targets for AssetMark Financial's stock. Their AMK share price forecasts range from $28.00 to $37.00. On average, they expect the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 27.6% from the stock's current price. View analysts price targets for AMK or view top-rated stocks among Wall Street analysts. How have AMK shares performed in 2023? AssetMark Financial's stock was trading at $23.00 at the beginning of 2023. Since then, AMK stock has increased by 9.0% and is now trading at $25.08. View the best growth stocks for 2023 here. Are investors shorting AssetMark Financial? AssetMark Financial saw a increase in short interest in September. As of September 15th, there was short interest totaling 291,400 shares, an increase of 7.0% from the August 31st total of 272,400 shares. Based on an average daily trading volume, of 104,700 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.3% of the company's shares are sold short. View AssetMark Financial's Short Interest. When is AssetMark Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023. View our AMK earnings forecast. How were AssetMark Financial's earnings last quarter? AssetMark Financial Holdings, Inc. (NYSE:AMK) announced its earnings results on Wednesday, August, 2nd. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.03. The company had revenue of $183.23 million for the quarter, compared to analysts' expectations of $183.95 million. AssetMark Financial had a net margin of 15.59% and a trailing twelve-month return on equity of 11.93%. What ETFs hold AssetMark Financial's stock? 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). What is Charles G. Goldman's approval rating as AssetMark Financial's CEO? 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. 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 International Business Machines (IBM). 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) acted 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." How do I buy shares of AssetMark Financial? 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. Compare Top Brokerages Here. What is AssetMark Financial's stock price today? One share of AMK stock can currently be purchased for approximately $25.08. How much money does AssetMark Financial make? AssetMark Financial (NYSE:AMK) has a market capitalization of $1.86 billion and generates $618.31 million in revenue each year. The company earns $103.26 million in net income (profit) each year or $1.43 on an earnings per share basis. How many employees does AssetMark Financial have? The company employs 1,000 workers across the globe. How can I contact AssetMark Financial? 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. 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