Vanguard Group Inc. Has $52.30 Million Stock Holdings in AssetMark Financial Holdings, Inc. (NYSE:AMK)

Vanguard Group Inc. increased its position in shares of AssetMark Financial Holdings, Inc. (NYSE:AMK) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,085,366 shares of the company’s stock after buying an additional 24,116 shares during the quarter. Vanguard Group Inc. owned about 2.81% of AssetMark Financial worth $52,301,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank grew its position in AssetMark Financial by 9.0% in the 1st quarter. Swiss National Bank now owns 43,500 shares of the company’s stock valued at $968,000 after purchasing an additional 3,600 shares during the period. Bank of New York Mellon Corp increased its position in shares of AssetMark Financial by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 93,557 shares of the company’s stock worth $2,081,000 after acquiring an additional 2,116 shares in the last quarter. MetLife Investment Management LLC lifted its position in AssetMark Financial by 57.4% in the 1st quarter. MetLife Investment Management LLC now owns 10,106 shares of the company’s stock valued at $225,000 after acquiring an additional 3,684 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in AssetMark Financial during the 1st quarter valued at about $321,000. Finally, Dimensional Fund Advisors LP increased its holdings in AssetMark Financial by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 235,527 shares of the company’s stock worth $5,242,000 after purchasing an additional 27,346 shares in the last quarter. 28.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James lifted their target price on AssetMark Financial from $36.00 to $38.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 11th.

AssetMark Financial Stock Performance

NYSE AMK opened at $36.82 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.84 and a current ratio of 3.84. The company has a market capitalization of $2.74 billion, a PE ratio of 22.45 and a beta of 1.11. AssetMark Financial Holdings, Inc. has a 52-week low of $22.92 and a 52-week high of $37.30. The company has a 50-day simple moving average of $33.99 and a 200 day simple moving average of $29.26.

AssetMark Financial (NYSE:AMK) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $158.18 million during the quarter, compared to analyst estimates of $188.88 million. AssetMark Financial had a return on equity of 12.74% and a net margin of 17.38%. On average, research analysts predict that AssetMark Financial Holdings, Inc. will post 2.41 EPS 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.