Equities analysts predict that AssetMark Financial Holdings (NYSE:AMK) will post $111.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for AssetMark Financial’s earnings. The lowest sales estimate is $111.80 million and the highest is $112.00 million. The business is scheduled to issue its next earnings results on Tuesday, February 4th.
On average, analysts expect that AssetMark Financial will report full year sales of $417.70 million for the current financial year, with estimates ranging from $416.40 million to $419.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $468.50 million, with estimates ranging from $465.00 million to $472.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover AssetMark Financial.
Separately, BMO Capital Markets began coverage on shares of AssetMark Financial in a research note on Monday, October 7th. They issued a “market perform” rating and a $24.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.75.
NYSE:AMK opened at $27.31 on Friday. AssetMark Financial has a 1-year low of $22.87 and a 1-year high of $29.37. The business has a fifty day simple moving average of $25.72. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.14.
Several large investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY acquired a new stake in shares of AssetMark Financial in the third quarter worth $200,000. Millennium Management LLC acquired a new stake in shares of AssetMark Financial in the third quarter worth $4,388,000. Partner Investment Management L.P. acquired a new stake in shares of AssetMark Financial in the third quarter worth $25,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of AssetMark Financial in the third quarter worth $6,215,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of AssetMark Financial in the third quarter worth $201,000. Hedge funds and other institutional investors own 20.66% of the company’s stock.
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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