Carrie E. Hansen Sells 16,429 Shares of AssetMark Financial Holdings, Inc. (NYSE:AMK) Stock

AssetMark Financial Holdings, Inc. (NYSE:AMK) COO Carrie E. Hansen sold 16,429 shares of the firm’s stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $24.49, for a total value of $402,346.21. Following the completion of the sale, the chief operating officer now owns 273,733 shares of the company’s stock, valued at approximately $6,703,721.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

AssetMark Financial stock opened at $24.13 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.14 and a quick ratio of 3.85. The company has a market capitalization of $1.75 billion, a PE ratio of -1,205.90 and a beta of 1.20. AssetMark Financial Holdings, Inc. has a one year low of $13.94 and a one year high of $34.02. The business has a 50 day simple moving average of $23.11 and a 200 day simple moving average of $24.92.

AssetMark Financial (NYSE:AMK) last posted its earnings results on Sunday, November 15th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. AssetMark Financial had a positive return on equity of 2.84% and a negative net margin of 0.16%. Equities analysts anticipate that AssetMark Financial Holdings, Inc. will post 0.42 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in AMK. State Street Corp increased its holdings in AssetMark Financial by 16.3% during the 1st quarter. State Street Corp now owns 274,198 shares of the company’s stock valued at $5,591,000 after purchasing an additional 38,352 shares in the last quarter. SG Americas Securities LLC increased its holdings in AssetMark Financial by 66.2% during the 2nd quarter. SG Americas Securities LLC now owns 8,932 shares of the company’s stock valued at $244,000 after purchasing an additional 3,559 shares in the last quarter. First Trust Advisors LP increased its holdings in AssetMark Financial by 190.9% during the 2nd quarter. First Trust Advisors LP now owns 128,238 shares of the company’s stock valued at $3,500,000 after purchasing an additional 84,158 shares in the last quarter. Strs Ohio increased its holdings in AssetMark Financial by 113.9% during the 2nd quarter. Strs Ohio now owns 7,700 shares of the company’s stock valued at $210,000 after purchasing an additional 4,100 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in AssetMark Financial during the 2nd quarter valued at $356,000. 23.27% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on AMK. Jefferies Financial Group began coverage on AssetMark Financial in a research report on Wednesday, September 23rd. They issued a “hold” rating and a $24.00 price objective for the company. Zacks Investment Research downgraded AssetMark Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 31st. Raymond James raised their price objective on AssetMark Financial from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. downgraded AssetMark Financial from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus 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.

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