AssetMark Financial Holdings, Inc. (NYSE:AMK) COO Carrie E. Hansen sold 18,831 shares of AssetMark Financial stock in a transaction on Monday, November 23rd. The shares were sold at an average price of $24.09, for a total transaction of $453,638.79. Following the completion of the transaction, the chief operating officer now directly owns 232,558 shares in the company, valued at $5,602,322.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of AMK opened at $24.32 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.14 and a current ratio of 4.14. The stock has a market capitalization of $1.76 billion, a P/E ratio of -1,215.39 and a beta of 1.20. The company’s fifty day moving average is $23.41 and its two-hundred day moving average is $24.92. AssetMark Financial Holdings, Inc. has a 1 year low of $13.94 and a 1 year high of $34.02.
AssetMark Financial (NYSE:AMK) last announced its quarterly earnings data on Sunday, November 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. AssetMark Financial had a negative net margin of 0.16% and a positive return on equity of 2.84%. Sell-side analysts predict that AssetMark Financial Holdings, Inc. will post 0.42 EPS for the current year.
Several large investors have recently bought and sold shares of AMK. Bank of Montreal Can acquired a new position in shares of AssetMark Financial during the 2nd quarter worth $38,000. Tudor Investment Corp Et Al acquired a new position in shares of AssetMark Financial during the 2nd quarter worth $206,000. Strs Ohio grew its stake in shares of AssetMark Financial by 113.9% during the 2nd quarter. Strs Ohio now owns 7,700 shares of the company’s stock worth $210,000 after purchasing an additional 4,100 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of AssetMark Financial during the 2nd quarter worth $211,000. Finally, SG Americas Securities LLC grew its stake in shares of AssetMark Financial by 66.2% during the 2nd quarter. SG Americas Securities LLC now owns 8,932 shares of the company’s stock worth $244,000 after purchasing an additional 3,559 shares during the period. 23.27% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on AMK. JPMorgan Chase & Co. cut shares of AssetMark Financial from an “overweight” rating to a “neutral” rating and cut their target price for the company from $31.00 to $27.00 in a report on Wednesday, August 5th. Raymond James boosted their price objective on shares of AssetMark Financial from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. Finally, Jefferies Financial Group began coverage on shares of AssetMark Financial in a research note on Wednesday, September 23rd. They issued a “hold” rating and a $24.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.80.
AssetMark Financial Company Profile
AssetMark Financial Holdings, Inc provides wealth management and technology solutions in the United States. The company offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology to the financial adviser channel.
Featured Story: What does an outperform rating mean?
Receive News & Ratings for AssetMark Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AssetMark Financial and related companies with MarketBeat.com's FREE daily email newsletter.