AssetMark Financial (NYSE:AMK) Trading Up 0.4%

AssetMark Financial Holdings, Inc. (NYSE:AMK – Get Rating)’s stock price was up 0.4% during trading on Friday . The company traded as high as $30.63 and last traded at $30.33. Approximately 48,054 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 127,099 shares. The stock had previously closed at $30.22.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMK shares. JPMorgan Chase & Co. upgraded shares of AssetMark Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $24.00 to $32.00 in a report on Monday, January 23rd. Raymond James raised their price objective on shares of AssetMark Financial from $30.00 to $32.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 11th. Finally, Credit Suisse Group raised their price objective on shares of AssetMark Financial from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AssetMark Financial currently has an average rating of “Buy” and an average price target of $29.75.

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AssetMark Financial Price Performance

The stock has a market capitalization of $2.24 billion, a P/E ratio of 21.66 and a beta of 1.03. The business’s 50 day simple moving average is $29.45 and its two-hundred day simple moving average is $24.80. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of AssetMark Financial by 82.3% during the fourth quarter. Signaturefd LLC now owns 1,415 shares of the company’s stock valued at $33,000 after purchasing an additional 639 shares in the last quarter. State of Wyoming bought a new position in shares of AssetMark Financial during the fourth quarter valued at about $113,000. Legal & General Group Plc lifted its position in shares of AssetMark Financial by 32.4% during the second quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock valued at $134,000 after purchasing an additional 1,738 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of AssetMark Financial by 7.7% during the fourth quarter. SG Americas Securities LLC now owns 7,303 shares of the company’s stock valued at $168,000 after purchasing an additional 520 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of AssetMark Financial during the fourth quarter valued at about $204,000. 26.81% of the stock is owned by institutional investors.

AssetMark Financial Company Profile

(Get Rating)

AssetMark Financial Holdings, Inc provides wealth management and technology solutions. The company was founded by Ronald Dennis Cordes, Brian O’Toole and Richard Steiny in 1996 and is headquartered in Concord, CA.

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