Victory Capital Management Inc. Has $438,000 Stock Holdings in AssetMark Financial Holdings, Inc. (NYSE:AMK)

Victory Capital Management Inc. boosted its position in AssetMark Financial Holdings, Inc. (NYSE:AMK) by 54.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,614 shares of the company’s stock after purchasing an additional 5,173 shares during the period. Victory Capital Management Inc.’s holdings in AssetMark Financial were worth $438,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMK. Quantbot Technologies LP acquired a new stake in shares of AssetMark Financial in the third quarter valued at approximately $81,000. SG Americas Securities LLC bought a new position in AssetMark Financial during the fourth quarter worth $169,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AssetMark Financial by 40.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,102 shares of the company’s stock valued at $178,000 after purchasing an additional 2,059 shares during the last quarter. Arizona State Retirement System bought a new position in shares of AssetMark Financial in the fourth quarter valued at about $218,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of AssetMark Financial during the 3rd quarter worth about $231,000. Institutional investors own 28.64% of the company’s stock.

AssetMark Financial Stock Performance

Shares of NYSE:AMK opened at $34.10 on Friday. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.07. AssetMark Financial Holdings, Inc. has a 12-month low of $22.92 and a 12-month high of $37.54. The company’s 50 day moving average price is $34.76 and its two-hundred day moving average price is $31.58. The firm has a market cap of $2.54 billion, a PE ratio of 17.85 and a beta of 1.11.

AssetMark Financial (NYSE:AMK) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $190.27 million for the quarter, compared to analyst estimates of $143.91 million. AssetMark Financial had a return on equity of 12.93% and a net margin of 19.92%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Equities research analysts predict that AssetMark Financial Holdings, Inc. will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

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

About AssetMark Financial

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.