William Blair started coverage on shares of AssetMark Financial (NYSE:AMK) in a research note issued to investors on Monday morning, The Fly reports. The brokerage issued a market perform rating on the stock.
Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of AssetMark Financial in a report on Monday. They set a neutral rating and a $29.00 price target on the stock. Goldman Sachs Group assumed coverage on shares of AssetMark Financial in a report on Monday. They set a buy rating and a $31.00 price target on the stock. Finally, Raymond James assumed coverage on shares of AssetMark Financial in a report on Monday. They set an outperform rating and a $31.00 price target on the stock.
AMK stock opened at $23.40 on Monday. AssetMark Financial has a 12 month low of $23.31 and a 12 month high of $28.61.
In related news, major shareholder Securities Co. Ltd. Huatai sold 8,125,000 shares of AssetMark Financial stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $20.57, for a total transaction of $167,131,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
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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