SG Americas Securities LLC Takes $152,000 Position in AssetMark Financial Holdings, Inc. (NYSE:AMK)

SG Americas Securities LLC purchased a new position in AssetMark Financial Holdings, Inc. (NYSE:AMKGet Rating) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,074 shares of the company’s stock, valued at approximately $152,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMK. Amalgamated Bank acquired a new position in shares of AssetMark Financial in the 1st quarter worth approximately $49,000. Strs Ohio bought a new stake in AssetMark Financial during the first quarter valued at $140,000. MetLife Investment Management LLC raised its holdings in shares of AssetMark Financial by 57.4% during the first quarter. MetLife Investment Management LLC now owns 10,106 shares of the company’s stock worth $225,000 after purchasing an additional 3,684 shares during the period. Panagora Asset Management Inc. bought a new position in shares of AssetMark Financial in the 1st quarter worth about $321,000. Finally, IndexIQ Advisors LLC acquired a new position in shares of AssetMark Financial in the 1st quarter valued at about $394,000. 26.64% of the stock is owned by institutional investors.

AssetMark Financial Stock Performance

Shares of AMK stock opened at $23.56 on Monday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 19.31 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.35 and a quick ratio of 3.35. AssetMark Financial Holdings, Inc. has a 12-month low of $16.88 and a 12-month high of $28.12. The business has a 50 day simple moving average of $19.72 and a 200 day simple moving average of $19.54.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. William Blair restated an “outperform” rating on shares of AssetMark Financial in a research note on Monday, July 25th. Raymond James lowered their price objective on AssetMark Financial from $30.00 to $29.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 11th.

About AssetMark Financial

(Get Rating)

AssetMark Financial Holdings, Inc provides wealth management and technology solutions. It also provides end-to-end experience, spanning nearly all elements of an adviser’s engagement with client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing.

Further Reading

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Institutional Ownership by Quarter for AssetMark Financial (NYSE:AMK)

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