AssetMark Financial Holdings, Inc. (NYSE:AMK) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AssetMark Financial Holdings, Inc. (NYSE:AMK) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,027 shares of the company’s stock after purchasing an additional 925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AssetMark Financial were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AMK. Swiss National Bank raised its position in shares of AssetMark Financial by 1.1% during the 3rd quarter. Swiss National Bank now owns 56,900 shares of the company’s stock valued at $1,427,000 after buying an additional 600 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of AssetMark Financial by 6.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,851 shares of the company’s stock valued at $297,000 after buying an additional 677 shares in the last quarter. Strs Ohio raised its holdings in shares of AssetMark Financial by 5.9% in the 3rd quarter. Strs Ohio now owns 23,300 shares of the company’s stock valued at $584,000 after buying an additional 1,300 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of AssetMark Financial by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 104,790 shares of the company’s stock valued at $2,628,000 after buying an additional 2,185 shares during the period. Finally, Quantbot Technologies LP purchased a new position in AssetMark Financial during the 3rd quarter valued at about $81,000. Institutional investors and hedge funds own 28.64% of the company’s stock.

AssetMark Financial Trading Up 0.1 %

Shares of AMK stock opened at $33.99 on Tuesday. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $35.18 and a 200-day simple moving average of $30.68. AssetMark Financial Holdings, Inc. has a fifty-two week low of $22.92 and a fifty-two week high of $37.54. The stock has a market cap of $2.53 billion, a P/E ratio of 17.80 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $190.27 million during the quarter, compared to analyst estimates of $143.91 million. AssetMark Financial had a net margin of 19.92% and a return on equity of 13.15%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, analysts forecast that AssetMark Financial Holdings, Inc. will post 2.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

AssetMark Financial Profile

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.