AssetMark Financial Holdings, Inc. (NYSE:AMK) Shares Sold by Strs Ohio

Strs Ohio decreased its stake in AssetMark Financial Holdings, Inc. (NYSE:AMK) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,400 shares of the company’s stock after selling 900 shares during the quarter. Strs Ohio’s holdings in AssetMark Financial were worth $670,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMK. Quantbot Technologies LP acquired a new stake in shares of AssetMark Financial in the third quarter valued at about $81,000. SG Americas Securities LLC acquired a new stake in shares of AssetMark Financial in the fourth quarter valued at about $169,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AssetMark Financial by 40.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,102 shares of the company’s stock valued at $178,000 after purchasing an additional 2,059 shares during the period. Arizona State Retirement System acquired a new stake in shares of AssetMark Financial in the fourth quarter valued at about $218,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of AssetMark Financial in the third quarter valued at about $231,000. Institutional investors and hedge funds own 28.64% of the company’s stock.

AssetMark Financial Stock Performance

AMK opened at $33.90 on Friday. The firm has a market capitalization of $2.52 billion, a PE ratio of 20.67 and a beta of 1.11. AssetMark Financial Holdings, Inc. has a twelve month low of $22.92 and a twelve month high of $37.54. The firm’s 50-day moving average price is $35.01 and its 200 day moving average price is $30.11. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.07.

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

Wall Street Analyst Weigh In

AMK has been the topic of a number of recent research reports. William Blair lowered shares of AssetMark Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday. Raymond James boosted their price target on shares of AssetMark Financial from $39.00 to $41.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 11th.

AssetMark Financial Company 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.