Strs Ohio Sells 900 Shares of AssetMark Financial Holdings, Inc. (NYSE:AMK)

Strs Ohio cut its holdings in AssetMark Financial Holdings, Inc. (NYSE:AMK) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,400 shares of the company’s stock after selling 900 shares during the period. Strs Ohio’s holdings in AssetMark Financial were worth $670,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Swiss National Bank increased its holdings in shares of AssetMark Financial by 1.1% in the 3rd quarter. Swiss National Bank now owns 56,900 shares of the company’s stock worth $1,427,000 after buying an additional 600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in AssetMark Financial by 6.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,851 shares of the company’s stock valued at $297,000 after purchasing an additional 677 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AssetMark Financial by 40.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,102 shares of the company’s stock valued at $178,000 after purchasing an additional 2,059 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in AssetMark Financial by 2.1% during 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 purchasing an additional 2,185 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in AssetMark Financial during the 3rd quarter valued at about $81,000. 28.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMK. Raymond James upped their price target on shares of AssetMark Financial from $39.00 to $41.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. William Blair downgraded shares of AssetMark Financial from an “outperform” rating to a “market perform” rating in a report on Thursday.

AssetMark Financial Price Performance

AssetMark Financial stock opened at $33.90 on Friday. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 20.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.84 and a quick ratio of 3.84. AssetMark Financial Holdings, Inc. has a 1 year low of $22.92 and a 1 year high of $37.54. The firm has a 50-day moving average of $35.01 and a two-hundred day moving average of $30.11.

AssetMark Financial (NYSE:AMK) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $158.18 million during the quarter, compared to analysts’ expectations of $188.88 million. AssetMark Financial had a net margin of 17.38% and a return on equity of 12.74%. On average, research analysts forecast that AssetMark Financial Holdings, Inc. will post 2.46 earnings per share for the current year.

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.