5,627 Shares in AssetMark Financial Holdings, Inc. (NYSE:AMK) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of AssetMark Financial Holdings, Inc. (NYSE:AMK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 5,627 shares of the company’s stock, valued at approximately $169,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMK. Advisory Services Network LLC bought a new position in AssetMark Financial during the first quarter worth $27,000. Citigroup Inc. raised its holdings in AssetMark Financial by 70.8% during the first quarter. Citigroup Inc. now owns 1,192 shares of the company’s stock worth $37,000 after buying an additional 494 shares during the last quarter. Quantbot Technologies LP acquired a new position in AssetMark Financial during the third quarter worth $81,000. State of Wyoming acquired a new position in AssetMark Financial during the fourth quarter worth $113,000. Finally, Legal & General Group Plc raised its holdings in AssetMark Financial by 32.4% during the second quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock worth $134,000 after buying an additional 1,738 shares during the last quarter. 28.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James upped their price objective on shares of AssetMark Financial from $39.00 to $41.00 and gave the stock a “strong-buy” rating in a report on Thursday.

AssetMark Financial Stock Performance

AMK opened at $36.12 on Monday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $34.42 and its two-hundred day moving average price is $29.57. AssetMark Financial Holdings, Inc. has a 1-year low of $22.92 and a 1-year high of $37.54. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 22.02 and a beta of 1.11.

AssetMark Financial (NYSE:AMK) last announced its earnings results on Wednesday, February 21st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $158.18 million during the quarter, compared to the consensus estimate of $188.88 million. AssetMark Financial had a net margin of 17.38% and a return on equity of 12.74%. On average, analysts expect that AssetMark Financial Holdings, Inc. will post 2.46 EPS for the current fiscal year.

AssetMark Financial Profile

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.