Shares of AssetMark Financial Holdings (NYSE:AMK) have been given a consensus broker rating score of 2.75 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. AssetMark Financial’s rating score has declined by 3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus price objective of $29.00 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned AssetMark Financial an industry rank of 74 out of 255 based on the ratings given to related companies.
Separately, BMO Capital Markets started coverage on AssetMark Financial in a report on Monday, October 7th. They set a “market perform” rating and a $24.00 price objective for the company.
Several large investors have recently bought and sold shares of AMK. Rhumbline Advisers bought a new position in shares of AssetMark Financial during the third quarter worth about $372,000. State of Tennessee Treasury Department bought a new position in shares of AssetMark Financial during the third quarter worth about $208,000. Russell Investments Group Ltd. bought a new position in AssetMark Financial in the third quarter valued at approximately $795,000. Dean Capital Investments Management LLC bought a new position in AssetMark Financial in the third quarter valued at approximately $578,000. Finally, State Street Corp bought a new position in AssetMark Financial in the third quarter valued at approximately $5,061,000. Institutional investors and hedge funds own 20.66% of the company’s stock.
AssetMark Financial Company Profile
AssetMark Financial Holdings, Inc provides wealth management and technology solutions in the United States. The company offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology to the financial adviser channel.
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