51,835 Shares in AssetMark Financial Holdings, Inc. (NYSE:AMK) Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC bought a new position in shares of AssetMark Financial Holdings, Inc. (NYSE:AMK) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 51,835 shares of the company’s stock, valued at approximately $1,791,000. Wolverine Asset Management LLC owned approximately 0.07% of AssetMark Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AssetMark Financial by 13.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,027 shares of the company’s stock valued at $240,000 after buying an additional 925 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of AssetMark Financial by 54.8% in the fourth quarter. Victory Capital Management Inc. now owns 14,614 shares of the company’s stock worth $438,000 after purchasing an additional 5,173 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in AssetMark Financial by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 171,489 shares of the company’s stock worth $5,136,000 after purchasing an additional 2,152 shares during the last quarter. Jump Financial LLC boosted its stake in shares of AssetMark Financial by 13.6% during the 4th quarter. Jump Financial LLC now owns 14,894 shares of the company’s stock worth $446,000 after buying an additional 1,783 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in AssetMark Financial by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 943,396 shares of the company’s stock valued at $28,257,000 after purchasing an additional 98,444 shares during the last quarter. Institutional investors and hedge funds own 28.64% of the company’s stock.

AssetMark Financial Trading Up 0.3 %

NYSE:AMK opened at $35.27 on Wednesday. The stock has a market capitalization of $2.64 billion, a PE ratio of 18.47 and a beta of 1.10. AssetMark Financial Holdings, Inc. has a 1-year low of $22.92 and a 1-year high of $37.54. The firm has a fifty day simple moving average of $34.70 and a 200 day simple moving average of $34.66.

AssetMark Financial (NYSE:AMK) last announced its quarterly earnings results on Thursday, July 18th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $198.49 million during the quarter, compared to analyst estimates of $193.28 million. AssetMark Financial had a net margin of 19.43% and a return on equity of 13.08%. On average, equities analysts predict that AssetMark Financial Holdings, Inc. will post 2.46 earnings per share for the current fiscal year.

Insider Activity at AssetMark Financial

In other AssetMark Financial news, CFO Gary G. Zyla sold 7,786 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $34.40, for a total transaction of $267,838.40. Following the transaction, the chief financial officer now owns 92,795 shares of the company’s stock, valued at $3,192,148. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Mukesh Mehta sold 8,880 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $34.40, for a total value of $305,472.00. Following the completion of the transaction, the executive vice president now owns 304,791 shares in the company, valued at approximately $10,484,810.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gary G. Zyla sold 7,786 shares of AssetMark Financial stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $34.40, for a total transaction of $267,838.40. Following the sale, the chief financial officer now owns 92,795 shares in the company, valued at $3,192,148. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,251 shares of company stock worth $1,350,234. Insiders own 2.00% of the company’s stock.

AssetMark Financial Company 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.