AssetMark Financial Holdings, Inc. (NYSE:AMK) EVP Sells $158,512.44 in Stock

AssetMark Financial Holdings, Inc. (NYSE:AMK – Get Rating) EVP Ted F. Angus sold 5,637 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.12, for a total transaction of $158,512.44. Following the completion of the transaction, the executive vice president now owns 96,991 shares of the company’s stock, valued at approximately $2,727,386.92. The sale was disclosed in a filing with the SEC, which is accessible through this link.

AssetMark Financial Trading Up 0.1 %

AMK opened at $28.45 on Friday. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.10 billion, a PE ratio of 21.39 and a beta of 1.03. AssetMark Financial Holdings, Inc. has a 1-year low of $16.88 and a 1-year high of $33.00. The firm has a 50-day moving average price of $30.15 and a two-hundred day moving average price of $27.15.

AssetMark Financial (NYSE:AMK – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $164.13 million during the quarter, compared to analysts’ expectations of $159.90 million. AssetMark Financial had a net margin of 15.20% and a return on equity of 11.56%. As a group, equities analysts anticipate that AssetMark Financial Holdings, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMK has been the subject of a number of recent analyst reports. Credit Suisse Group increased their target price on shares of AssetMark Financial from $23.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Raymond James increased their target price on shares of AssetMark Financial from $32.00 to $37.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 11th. Finally, JPMorgan Chase & Co. upgraded shares of AssetMark Financial from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $24.00 to $32.00 in a research report on Monday, January 23rd. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $32.33.

Institutional Investors Weigh In On AssetMark Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMK. Advisory Services Network LLC acquired a new stake in AssetMark Financial in the 1st quarter valued at about $27,000. Signaturefd LLC boosted its stake in shares of AssetMark Financial by 82.3% in the 4th quarter. Signaturefd LLC now owns 1,415 shares of the company’s stock valued at $33,000 after purchasing an additional 639 shares during the last quarter. Citigroup Inc. boosted its stake in shares of AssetMark Financial by 70.8% in the 1st quarter. Citigroup Inc. now owns 1,192 shares of the company’s stock valued at $37,000 after purchasing an additional 494 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of AssetMark Financial in the 1st quarter valued at about $109,000. Finally, State of Wyoming bought a new position in shares of AssetMark Financial in the 4th quarter valued at about $113,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

About AssetMark Financial

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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.