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NYSE:AMK

AssetMark Financial (AMK) Stock Price, News & Analysis

$34.00
-0.06 (-0.18%)
(As of 02:04 PM ET)
Today's Range
$34.00
$34.11
50-Day Range
$33.79
$37.03
52-Week Range
$22.92
$37.54
Volume
248,432 shs
Average Volume
329,945 shs
Market Capitalization
$2.53 billion
P/E Ratio
17.80
Dividend Yield
N/A
Price Target
$33.75

AssetMark Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.7% Downside
$33.75 Price Target
Short Interest
Healthy
0.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.18
Upright™ Environmental Score
News Sentiment
0.13mentions of AssetMark Financial in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.02%
From $2.42 to $2.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.96 out of 5 stars

Finance Sector

476th out of 839 stocks

Investment Advice Industry

30th out of 45 stocks

AMK stock logo

About AssetMark Financial Stock (NYSE:AMK)

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. The company also provides flexible technology platform for advisers for accessing a range of automated tools and capabilities, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress-to-goal analysis, and client activity tracking; adviser services; curated investment platform; and integrated financial planning tools. In addition, it provides SaaS-based financial planning, wellness, and client digital engagement solutions; offers mutual funds; custodial recordkeeping services primarily to investor clients of registered investment advisers; wealth management solutions for individual investors; and overlay management, investment solutions, flexible desktop technology, and a manager marketplace. The company serves independent advisers who provide wealth management advice to the U.S. investors. 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.

AMK Stock Price History

AMK Stock News Headlines

April AMK Report
AssetMark To Be Acquired By GTCR For $35.25 Per Share In Cash
March AMK Report
February AMK Report
AssetMark Financial Holdings Inc (AMK)
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
5/23/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
N/A
Fax
N/A
Employees
990
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$33.75
High Stock Price Target
$41.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-0.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$123.12 million
Pretax Margin
26.76%

Debt

Sales & Book Value

Annual Sales
$708.50 million
Cash Flow
$2.60 per share
Book Value
$17.60 per share

Miscellaneous

Free Float
72,912,000
Market Cap
$2.53 billion
Optionable
Optionable
Beta
1.11
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Key Executives


AMK Stock Analysis - Frequently Asked Questions

Should I buy or sell AssetMark Financial stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AssetMark Financial in the last twelve months. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMK shares.
View AMK analyst ratings
or view top-rated stocks.

What is AssetMark Financial's stock price target for 2024?

4 brokerages have issued 12-month target prices for AssetMark Financial's shares. Their AMK share price targets range from $25.00 to $41.00. On average, they predict the company's share price to reach $33.75 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for AMK
or view top-rated stocks among Wall Street analysts.

How have AMK shares performed in 2024?

AssetMark Financial's stock was trading at $29.95 at the beginning of the year. Since then, AMK shares have increased by 13.5% and is now trading at $34.00.
View the best growth stocks for 2024 here
.

Are investors shorting AssetMark Financial?

AssetMark Financial saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 194,900 shares, an increase of 12.0% from the April 15th total of 174,000 shares. Based on an average daily volume of 393,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.9% of the shares of the company 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 Wednesday, August 7th 2024.
View our AMK earnings forecast
.

How were AssetMark Financial's earnings last quarter?

AssetMark Financial Holdings, Inc. (NYSE:AMK) issued its quarterly earnings results on Wednesday, May, 1st. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business earned $190.27 million during the quarter, compared to the consensus estimate of $143.91 million. AssetMark Financial had a net margin of 19.92% and a trailing twelve-month return on equity of 12.93%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS.

What ETFs hold AssetMark Financial's stock?

ETFs with the largest weight of AssetMark Financial (NYSE:AMK) stock in their portfolio include ProShares Merger ETF (MRGR) and Global X FinTech Thematic ETF (FINX).IQ Merger Arbitrage ETF (MNA).

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?

AssetMark Financial (AMK) raised $250 million in an IPO 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.

Who are AssetMark Financial's major shareholders?

AssetMark Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.88%), Jennison Associates LLC (2.52%), Capital World Investors (1.76%), Janus Henderson Group PLC (0.98%), Blair William & Co. IL (0.45%) and Hodges Capital Management Inc. (0.08%). 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.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AMK) was last updated on 5/23/2024 by MarketBeat.com Staff

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