Campbell & CO Investment Adviser LLC Grows Stake in AssetMark Financial Holdings, Inc. (NYSE:AMK)

Campbell & CO Investment Adviser LLC raised its stake in AssetMark Financial Holdings, Inc. (NYSE:AMKFree Report) by 70.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,565 shares of the company’s stock after acquiring an additional 9,354 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in AssetMark Financial were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMK. Jennison Associates LLC boosted its stake in AssetMark Financial by 7.8% in the fourth quarter. Jennison Associates LLC now owns 1,853,384 shares of the company’s stock valued at $55,509,000 after acquiring an additional 133,576 shares during the last quarter. Phocas Financial Corp. purchased a new stake in shares of AssetMark Financial during the 4th quarter valued at approximately $3,248,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of AssetMark Financial by 14.8% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 787,960 shares of the company’s stock valued at $19,762,000 after buying an additional 101,707 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AssetMark Financial by 11.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 943,396 shares of the company’s stock valued at $28,257,000 after buying an additional 98,444 shares in the last quarter. Finally, One Charles Private Wealth Services LLC purchased a new stake in shares of AssetMark Financial during the 4th quarter valued at approximately $1,240,000. 28.64% of the stock is currently owned by hedge funds and other institutional investors.

AssetMark Financial Stock Performance

AssetMark Financial stock opened at $34.28 on Friday. The firm’s 50 day simple moving average is $34.48 and its 200 day simple moving average is $32.20. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.55 billion, a PE ratio of 17.95 and a beta of 1.10. AssetMark Financial Holdings, Inc. has a 1-year low of $22.92 and a 1-year high of $37.54.

AssetMark Financial (NYSE:AMKGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $190.27 million for the quarter, compared to analyst estimates of $143.91 million. AssetMark Financial had a net margin of 19.92% and a return on equity of 12.93%. AssetMark Financial’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 EPS. As a group, analysts expect that AssetMark Financial Holdings, Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMK shares. William Blair cut shares of AssetMark Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 25th. Raymond James upped their price target on shares of AssetMark Financial from $39.00 to $41.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. cut shares of AssetMark Financial from an “overweight” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Friday, April 26th.

Read Our Latest Research Report on AssetMark Financial

AssetMark Financial Profile

(Free Report)

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.

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

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