AssetMark Financial (AMK) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $35.24 to $35.24
• 50-Day Range: $34.60 to $35.27
• 52-Week Range: $22.92 to $37.54
• Volume: N/A
• Average Volume: 394,549 shs
• Market Capitalization: $2.62 billion
• P/E Ratio: 18.45
• Dividend Yield: N/A
• Price Target: $36.67
• Consensus Rating: Moderate Buy

AssetMark Financial Stock Analysis - MarketRank™

AssetMark Financial scored higher than 18% of companies evaluated by MarketBeat, and ranked 860th out of 910 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

AssetMark Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

AssetMark Financial has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.28%

Earnings Growth

Earnings for AssetMark Financial are expected to grow by 5.28% in the coming year, from $2.46 to $2.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AssetMark Financial is 18.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of AssetMark Financial is 18.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.03.

Price to Book Value per Share Ratio

AssetMark Financial has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AMK.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

AssetMark Financial does not currently pay a dividend.

Dividend Growth

AssetMark Financial does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.3 / 5
• Environmental Score: -0.18

Short Interest

There is no current short interest data available for AMK.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 1 people have searched for AMK on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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 2.00% 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.

AMK Stock Analysis - Frequently Asked Questions

How were AssetMark Financial's earnings last quarter?

AssetMark Financial Holdings, Inc. (NYSE:AMK) posted its earnings results on Wednesday, May, 1st. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. AssetMark Financial's revenue for the quarter was up 11.7% compared to the same quarter last year.

When did AssetMark Financial IPO?

AssetMark Financial (AMK) raised $250 million in an initial public offering (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) served as the underwriters for the IPO and BMO Capital Markets, Raymond James and William Blair were co-managers.

What other stocks do shareholders of AssetMark Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AssetMark Financial investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and Jabil (JBL).

Company Calendar

• Last Earnings: 5/01/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Trading
• Current Symbol: NYSE:AMK
• CUSIP: N/A
• CIK: 1591587
• Web: www.assetmark.com
• Phone: (925) 521-2200
• Fax: N/A
• Employees: 870
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $36.67
• High Stock Price Target: $41.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: +4.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.91
• Trailing P/E Ratio: 18.45
• Forward P/E Ratio: 14.33
• P/E Growth: N/A
• Net Income: $123.12 million
• Net Margins: 19.43%
• Pretax Margin: 26.28%
• Return on Equity: 13.08%
• Return on Assets: 10.36%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.27
• Quick Ratio: 3.27

Sales & Book Value

• Annual Sales: $751.44 million
• Price / Sales: 3.49
• Cash Flow: $2.60 per share
• Price / Cash Flow: 13.54
• Book Value: $17.98 per share
• Price / Book: 1.96

Miscellaneous

• Outstanding Shares: 74,400,000
• Free Float: 72,912,000
• Market Cap: $2.62 billion
• Optionable: Optionable
• Beta: 1.10