Should I buy or sell AssetMark Financial stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AssetMark Financial in the last year. There are currently 1 hold rating and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 target for 2024?

2 brokerages have issued twelve-month price objectives for AssetMark Financial's shares. Their AMK share price targets range from $25.00 to $41.00. On average, they expect the company's stock price to reach $32.67 in the next twelve months. This suggests that the stock has a possible downside of 5.3%. 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 start of the year. Since then, AMK stock has increased by 15.2% and is now trading at $34.50. 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 March. As of March 31st, there was short interest totaling 231,000 shares, an increase of 13.2% from the March 15th total of 204,000 shares. Based on an average trading volume of 188,100 shares, the short-interest ratio is presently 1.2 days. Currently, 1.1% of the shares of the stock are short sold. 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, May 1st 2024. View our AMK earnings forecast .

How were AssetMark Financial's earnings last quarter?

AssetMark Financial Holdings, Inc. (NYSE:AMK) announced its quarterly earnings results on Wednesday, February, 21st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The company earned $158.18 million during the quarter, compared to analyst estimates of $188.88 million. AssetMark Financial had a trailing twelve-month return on equity of 12.74% and a net margin of 17.38%.

What ETFs hold AssetMark Financial's stock?

ETFs with the largest weight of AssetMark Financial (NYSE:AMK) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY) . Timothy Plan US Small Cap Core ETF (TPSC) .

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 many different retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.08%), Los Angeles Capital Management LLC (0.05%) and Allspring Global Investments Holdings LLC (0.03%). 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 .

NYSE:AMK

AssetMark Financial (AMK) Stock Price, News & Analysis

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$34.50

-0.14 (-0.40%)

(As of 04/18/2024 ET)

Compare

Today's Range: $34.02
▼
$34.88
50-Day Range: $31.11
▼
$37.03
52-Week Range: $22.92
▼
$37.54

Volume: 294,284 shs
Average Volume: 198,054 shs
Market Capitalization: $2.57 billion

P/E Ratio: 21.04
Dividend Yield: N/A
Price Target: $32.67

Get AssetMark Financial alerts:

AssetMark Financial MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 5.3% Downside
$32.67 Price Target
Short Interest: Healthy
1.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.18
Upright™ Environmental Score
News Sentiment: 0.49
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.32%
From $2.46 to $2.64 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.

3.36 out of 5 stars

Finance Sector

436th out of 822 stocks

Investment Advice Industry

25th out of 44 stocks

1.5

Analyst's Opinion

Consensus Rating
AssetMark Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
AssetMark Financial has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.07% of the float of AssetMark Financial has been sold short.
Short Interest Ratio / Days to Cover
AssetMark Financial has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AssetMark Financial has recently increased by 13.24%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
AssetMark Financial does not currently pay a dividend.
Dividend Growth
AssetMark Financial does not have a long track record of dividend growth.

4.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
AssetMark 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 Sustainability
The Environmental Impact score for AssetMark Financial is -0.18.

3.1

News and Social Media Coverage

News Sentiment
AssetMark Financial has a news sentiment score of 0.49. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for AssetMark Financial this week, compared to 2 articles on an average week.
Search Interest
9 people have searched for AMK on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
6 people have added AssetMark Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AssetMark Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.30% of the stock of AssetMark Financial is held by insiders.
Percentage Held by Institutions
Only 28.64% of the stock of AssetMark Financial is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for AssetMark Financial are expected to grow by 7.32% in the coming year, from $2.46 to $2.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AssetMark Financial is 21.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of AssetMark Financial is 21.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.74.
Price to Book Value per Share Ratio
AssetMark Financial has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

AMK Stock News Headlines

April 18, 2024 | nasdaq.com

AssetMark Financial Holdings (AMK) Price Target Increased by 5.75% to 37.54

April 15, 2024 | americanbankingnews.com

Q2 2024 EPS Estimates for AssetMark Financial Holdings, Inc. Boosted by Analyst (NYSE:AMK)

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 13, 2024 | americanbankingnews.com

AssetMark Financial (NYSE:AMK) PT Raised to $41.00 at Raymond James

April 13, 2024 | americanbankingnews.com

Q1 2024 Earnings Estimate for AssetMark Financial Holdings, Inc. Issued By William Blair (NYSE:AMK)

April 10, 2024 | globenewswire.com

March AMK Report

April 1, 2024 | globenewswire.com

AssetMark Honors Financial Advisors with Community Inspiration Award

March 12, 2024 | msn.com

AssetMark Financial posts platform assets of $113.3B at the end of February

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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March 11, 2024 | globenewswire.com

February AMK Report

March 8, 2024 | finance.yahoo.com

Is Now The Time To Put AssetMark Financial Holdings (NYSE:AMK) On Your Watchlist?

March 6, 2024 | uk.investing.com

AssetMark Financial Holdings Inc (AMK)

March 4, 2024 | globenewswire.com

AssetMark Launches Advisor Dashboard, First Step in Broader Digital Ecosystem Enhancements

February 27, 2024 | finance.yahoo.com

AssetMark Financial Holdings, Inc. (NYSE:AMK) Q4 2023 Earnings Call Transcript

February 24, 2024 | msn.com

AssetMark Financial Holdings (AMK) Price Target Increased by 6.67% to 35.50

February 23, 2024 | finance.yahoo.com

AMK Mar 2024 30.000 put

February 22, 2024 | finance.yahoo.com

AssetMark Eyes Acquisition Targets After Fourth-Quarter Revenue Drops

February 22, 2024 | finance.yahoo.com

Q4 2023 AssetMark Financial Holdings Inc Earnings Call

February 21, 2024 | msn.com

AssetMark Financial Non-GAAP EPS of $0.59 beats by $0.02, revenue of $158.2M beats by $19.66M

February 21, 2024 | msn.com

AssetMark Financial (AMK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

February 21, 2024 | finance.yahoo.com

AssetMark Financial Holdings Inc Reports Strong Growth in Platform Assets and Net Income for Q4 2023

February 21, 2024 | finance.yahoo.com

AssetMark Revenue Drops. The Stock Is Down Too.

February 21, 2024 | finance.yahoo.com

AssetMark Financial (AMK) Q4 Earnings Top Estimates

February 21, 2024 | finance.yahoo.com

AssetMark Reports $108.9B Platform Assets for Fourth Quarter 2023

February 21, 2024 | globenewswire.com

AssetMark Reports $108.9B Platform Assets for Fourth Quarter 2023

February 19, 2024 | finance.yahoo.com

AssetMark Financial (AMK) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

February 18, 2024 | finance.yahoo.com

AMK Aug 2024 40.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Investment advice
Sub-Industry: N/A
Current Symbol: NYSE:AMK
CUSIP: N/A
CIK: 1591587
Web: www.assetmark.com
Phone: (925) 521-2200
Fax: N/A
Employees: 990
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $32.67
High Stock Price Target: $41.00
Low Stock Price Target: $25.00
Potential Upside/Downside: -4.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.64
Trailing P/E Ratio: 20.77
Forward P/E Ratio: 13.85
P/E Growth: N/A
Net Income: $123.12 million
Net Margins: 17.38%
Pretax Margin: 23.64%
Return on Equity: 12.74%
Return on Assets: 9.76%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 3.84
Quick Ratio: 3.84

Sales & Book Value

Annual Sales: $708.50 million
Price / Sales: 3.58
Cash Flow: $2.51 per share
Price / Cash Flow: 13.55
Book Value: $17.07 per share
Price / Book: 2.00

Miscellaneous

Outstanding Shares: 74,400,000
Free Float: 72,688,000
Market Cap: $2.53 billion
Optionable: Optionable
Beta: 1.11

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Key Executives

Mr. H. Michael Kim (Age 54)
President, CEO & Director
Comp: $1.24M
Mr. Gary G. Zyla (Age 51)
Executive VP, Principal Accounting Officer & CFO
Comp: $966.75k
Ms. Carrie Ellen Hansen CPA (Age 54)
Executive VP, COO & President Mutual Funds
Mr. Christian L. Chan C.F.A.
Chief Investment Officer
Mr. Mukesh Kantilal Mehta (Age 57)
Executive VP & Chief Information Officer
Mr. Taylor John Hamilton C.F.A.
Head of Investor Relations
Mr. Ted Fyke Angus J.D. (Age 52)
Executive VP & General Counsel
Mr. Michael Joel Abelson C.F.A.
Executive Vice President of Corporate Development
Ms. Esi Minta-Jacobs (Age 51)
Executive Vice President of Human Resources & Digital Product Solutions
John Hahn
Senior VP of Finance & Reporting

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMK Stock Analysis - Frequently Asked Questions

Should I buy or sell AssetMark Financial stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AssetMark Financial in the last year. There are currently 1 hold rating and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 target for 2024?: 2 brokerages have issued twelve-month price objectives for AssetMark Financial's shares. Their AMK share price targets range from $25.00 to $41.00. On average, they expect the company's stock price to reach $32.67 in the next twelve months. This suggests that the stock has a possible downside of 5.3%.
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 start of the year. Since then, AMK stock has increased by 15.2% and is now trading at $34.50.
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 March. As of March 31st, there was short interest totaling 231,000 shares, an increase of 13.2% from the March 15th total of 204,000 shares. Based on an average trading volume of 188,100 shares, the short-interest ratio is presently 1.2 days. Currently, 1.1% of the shares of the stock are short sold.
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, May 1st 2024.
View our AMK earnings forecast.
How were AssetMark Financial's earnings last quarter?: AssetMark Financial Holdings, Inc. (NYSE:AMK) announced its quarterly earnings results on Wednesday, February, 21st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The company earned $158.18 million during the quarter, compared to analyst estimates of $188.88 million. AssetMark Financial had a trailing twelve-month return on equity of 12.74% and a net margin of 17.38%.

What ETFs hold AssetMark Financial's stock?: ETFs with the largest weight of AssetMark Financial (NYSE:AMK) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY).Timothy Plan US Small Cap Core ETF (TPSC).
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 many different retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.08%), Los Angeles Capital Management LLC (0.05%) and Allspring Global Investments Holdings LLC (0.03%). 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 4/18/2024 by MarketBeat.com Staff

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AssetMark Financial (AMK) Stock Price, News & Analysis

AssetMark Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About AssetMark Financial Stock (NYSE:AMK)

AMK Stock Price History

AMK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AMK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™