Assetmark Financial Holdings Stock Today
| AMK Stock | USD 34.90 0.25 0.71% |
Performance10 of 100
| Odds Of DistressLess than 9
|
AssetMark Financial is selling for 34.90 as of the 24th of April 2024. This is a -0.71 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 34.65. AssetMark Financial has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for AssetMark Financial Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 18th of July 2019 | Classification Financials |
AssetMark Financial Holdings, Inc. provides wealth management and technology solutions in the United States. AssetMark Financial Holdings, Inc. operates as a subsidiary of Huatai International Investment Holdings Limited. Assetmark Financial operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The company has 74.4 M outstanding shares of which 230.96 K shares are presently shorted by investors with about 1.23 days to cover. More on AssetMark Financial Holdings
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Moving against AssetMark Stock
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AssetMark Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. AssetMark Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding AssetMark Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Charles Goldman | ||||
| Thematic Idea | Management (View all Themes) | ||||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NYSE Composite, Management, Financials, Capital Markets, Asset Management, Financial Services (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering AssetMark Financial report their recommendations after researching AssetMark Financial's financial statements, talking to executives and customers, or listening in on AssetMark Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering AssetMark Financial. The AssetMark consensus assessment is calculated by taking the average forecast from all of the analysts covering AssetMark Financial. | |||||
AssetMark Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to AssetMark Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand AssetMark Financial's financial leverage. It provides some insight into what part of AssetMark Financial's total assets is financed by creditors.
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AssetMark Financial Holdings (AMK) is traded on New York Stock Exchange in USA. It is located in 1655 Grant Street, Concord, CA, United States, 94520 and employs 990 people. AssetMark Financial is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.62 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AssetMark Financial's market, we take the total number of its shares issued and multiply it by AssetMark Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. AssetMark Financial runs under Capital Markets sector within Financials industry. The entity has 74.4 M outstanding shares of which 230.96 K shares are presently shorted by investors with about 1.23 days to cover.
AssetMark Financial Holdings has about 123.27 M in cash with 174.67 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.76.
Check AssetMark Financial Probability Of Bankruptcy
Ownership AllocationAssetMark Financial holds a total of 74.4 Million outstanding shares. AssetMark Financial Holdings shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 69.61 percent of AssetMark Financial outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check AssetMark Ownership Details
AssetMark Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of AssetMark Financial jumping above the current price in 90 days from now is about 31.78%. The AssetMark Financial Holdings probability density function shows the probability of AssetMark Financial stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.0581. This suggests AssetMark Financial Holdings market returns are very sensitive to returns on the market. As the market goes up or down, AssetMark Financial is expected to follow. Additionally, assetMark Financial Holdings has an alpha of 0.1469, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of AssetMark Financial to move above the current price in 90 days from now is about 31.78 (This AssetMark Financial Holdings probability density function shows the probability of AssetMark Stock to fall within a particular range of prices over 90 days) .
AssetMark Stock Institutional Holders
Institutional Holdings refers to the ownership stake in AssetMark Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AssetMark Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing AssetMark Financial's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 472.4 K | |
| Millennium Management Llc | 2023-12-31 | 466.9 K | |
| Azora Capital Lp | 2023-12-31 | 465.4 K | |
| Blair William & Co | 2023-12-31 | 322.5 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 318.4 K | |
| Primecap Management Company | 2023-12-31 | 251.7 K | |
| Stony Point Wealth Management Inc. | 2024-03-31 | 246.9 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 223.9 K | |
| Northern Trust Corp | 2023-12-31 | 222.8 K | |
| Jpmorgan Chase & Co | 2023-12-31 | 3 M | |
| Vanguard Group Inc | 2023-12-31 | 2.1 M |
AssetMark Financial Historical Income Statement
AssetMark Financial Holdings Income Statement is one of the three primary financial statements used for reporting AssetMark's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of AssetMark Financial revenue and expense. AssetMark Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, AssetMark Financial's Non Operating Income Net Other is quite stable compared to the past year. Net Income Applicable To Common Shares is expected to rise to about 97.6 M this year, although the value of Interest Income will most likely fall to about 5.5 M. View More FundamentalsAssetMark Stock Against Markets
Picking the right benchmark for AssetMark Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in AssetMark Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for AssetMark Financial is critical whether you are bullish or bearish towards AssetMark Financial Holdings at a given time. Please also check how AssetMark Financial's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in AssetMark Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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AssetMark Financial Corporate Management
Elected by the shareholders, the AssetMark Financial's board of directors comprises two types of representatives: AssetMark Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AssetMark. The board's role is to monitor AssetMark Financial's management team and ensure that shareholders' interests are well served. AssetMark Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AssetMark Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yi Zhou | Director | Profile | |
| CFA CFA | Chief Officer | Profile | |
| Rohit Bhagat | Independent Director | Profile | |
| Natalie Wolfsen | Executive Vice President Chief Solutions Officer | Profile | |
| Patricia Guinn | Independent Director | Profile | |
| Carrie CPA | COO VP | Profile |
How to buy AssetMark Stock?
Before investing in AssetMark Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in AssetMark Financial. To buy AssetMark Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of AssetMark Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase AssetMark Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located AssetMark Financial Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased AssetMark Financial Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as AssetMark Financial Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy AssetMark Stock please use our How to Invest in AssetMark Financial guide.
Already Invested in AssetMark Financial Holdings?
The danger of trading AssetMark Financial Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AssetMark Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AssetMark Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AssetMark Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether AssetMark Financial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if AssetMark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Assetmark Financial Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Assetmark Financial Holdings Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AssetMark Financial Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for AssetMark Stock analysis
When running AssetMark Financial's price analysis, check to measure AssetMark Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AssetMark Financial is operating at the current time. Most of AssetMark Financial's value examination focuses on studying past and present price action to predict the probability of AssetMark Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AssetMark Financial's price. Additionally, you may evaluate how the addition of AssetMark Financial to your portfolios can decrease your overall portfolio volatility.
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Is AssetMark Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AssetMark Financial. If investors know AssetMark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AssetMark Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.321 | Earnings Share 1.65 | Revenue Per Share 9.56 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0802 |
The market value of AssetMark Financial is measured differently than its book value, which is the value of AssetMark that is recorded on the company's balance sheet. Investors also form their own opinion of AssetMark Financial's value that differs from its market value or its book value, called intrinsic value, which is AssetMark Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AssetMark Financial's market value can be influenced by many factors that don't directly affect AssetMark Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AssetMark Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if AssetMark Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AssetMark Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.