AssetMark Financial Holdings, Inc. (NYSE:AMK) Vice Chairman Jeremiah H. Chafkin sold 34,654 shares of the firm’s stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $26.08, for a total value of $903,776.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE AMK traded down $0.16 during trading hours on Tuesday, hitting $26.09. 168,340 shares of the company’s stock were exchanged, compared to its average volume of 97,096. AssetMark Financial Holdings, Inc. has a 1-year low of $20.88 and a 1-year high of $27.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.88 and a quick ratio of 5.88. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -1,303.85 and a beta of 1.15. The company’s 50-day moving average price is $25.93 and its 200-day moving average price is $24.80.
AssetMark Financial (NYSE:AMK) last issued its quarterly earnings results on Tuesday, July 27th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. AssetMark Financial had a positive return on equity of 3.47% and a negative net margin of 0.04%. On average, research analysts expect that AssetMark Financial Holdings, Inc. will post 0.89 earnings per share for the current year.
Several analysts recently issued reports on the company. Raymond James raised their price target on AssetMark Financial from $38.00 to $41.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 29th. Zacks Investment Research downgraded AssetMark Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 4th. Finally, TheStreet raised AssetMark Financial from a “c” rating to a “b-” rating in a research note on Monday, July 19th. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $30.25.
About AssetMark Financial
AssetMark Financial Holdings, Inc provides wealth management and technology solutions. It also provides end-to-end experience, spanning nearly all elements of an adviser’s engagement with client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing.
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