AssetMark Financial Holdings, Inc provides wealth management and technology solutions in the United States.
infoAssetMark Financial is a mid cap stock with a total market cap of 2.11B.
infoThey trade on the NYSE and had their IPO 4 years and 1 month ago.
infoAssetMark Financial currently employs 1000 people.
infoAs of Wednesday, Aug 23 2023, AssetMark Financial’s share price is $28.45.
News Relating to AssetMark Financial
Seeking Alpha
AssetMark Financial Holdings, Inc. (AMK) Q2 2023 Earnings Call Transcript
Saturday Aug 05 2023 at 14:59
AssetMark Financial Holdings, Inc. (NYSE:AMK ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Taylor Hamilton – Head-Investor Relations Natalie Wolfsen – Chief Executive Officer Gary Zyla – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Cho – JPMorgan Dan Fannon – Jefferies Jeff Schmitt – William Blair Patrick O’Shaughnessy – Raymond James Operator Good afternoon, everyone. And welcome to AssetMark’s Second Quarter 2023 Earnings Conference Call.
Zacks Investment Research
AssetMark Financial (AMK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Wednesday Aug 02 2023 at 23:13
While the top- and bottom-line numbers for AssetMark Financial (AMK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Seeking Alpha
AssetMark Sees Asset Inflow Improvement But Leading Indicators Are Cloudy
Friday Jul 28 2023 at 19:04
AssetMark Sees Asset Inflow Improvement But Leading Indicators Are Cloudy
GlobeNewsWire
AssetMark to Announce Second Quarter 2023 Results on August 2, 2023
Monday Jul 24 2023 at 13:19
CONCORD, Calif., July 24, 2023 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended June 30, 2023, after the U.S. market close on Wednesday, August 2, 2023. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.
Zacks Investment Research
4 Top Stocks to Buy Now for Solid Earnings Growth
Tuesday Jul 11 2023 at 08:02
Invest in stocks like Summit Materials (SUM), Perion Network (PERI), Kinsale Capital Group (KNSL) & AssetMark Financial (AMK) for superb earnings growth.
Zacks Investment Research
AssetMark Financial (AMK) is an Incredible Growth Stock: 3 Reasons Why
Wednesday Jul 05 2023 at 13:47
AssetMark Financial (AMK) possesses solid growth attributes, which could help it handily outperform the market.
Zacks Investment Research
Here’s What Key Metrics Tell Us About AssetMark Financial (AMK) Q1 Earnings
Wednesday May 03 2023 at 22:00
The headline numbers for AssetMark Financial (AMK) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research
AssetMark Financial (AMK) Misses Q1 Earnings and Revenue Estimates
Wednesday May 03 2023 at 21:15
AssetMark Financial (AMK) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.39 per share a year ago.
Zacks Investment Research
3 Reasons Growth Investors Will Love AssetMark Financial (AMK)
Friday Apr 28 2023 at 14:26
AssetMark Financial (AMK) could produce exceptional returns because of its solid growth attributes.
Zacks Investment Research
5 Must-Buy High-Flying Mid-Cap Stocks Ahead of Q1 Earnings
Friday Apr 28 2023 at 08:23
We have narrowed our search to five stocks that are set to report first-quarter 2023 earnings results. These are: SHAK, WING, AMK, PRI and CERT.
Zacks Investment Research
Buy These 5 Low Leverage Stocks Ahead of Big Earnings Releases
Tuesday Apr 25 2023 at 10:39
The crux of safe investment lies in choosing a company that is not burdened with debt as a debt-free stock is almost impossible to find. You may buy MCS, AMK, HUM, REPX and ICFI.
Zacks Investment Research
Why AssetMark Financial (AMK) is Poised to Beat Earnings Estimates Again
Monday Apr 24 2023 at 13:41
AssetMark Financial (AMK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
GlobeNewsWire
AssetMark to Announce First Quarter 2023 Results on May 3, 2023
Thursday Apr 20 2023 at 16:15
CONCORD, Calif., April 20, 2023 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended March 31, 2023, after the U.S. market close on Wednesday, May 3, 2023. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.
Zacks Investment Research
AssetMark Financial (AMK) Is Up 4.32% in One Week: What You Should Know
Thursday Apr 20 2023 at 13:43
Does AssetMark Financial (AMK) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Zacks Investment Research
AssetMark Financial Holdings, Inc. (AMK) Hits Fresh High: Is There Still Room to Run?
Monday Apr 17 2023 at 10:41
AssetMark Financial (AMK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues.
Zacks Investment Research
3 Reasons Why Growth Investors Shouldn’t Overlook AssetMark Financial (AMK)
Wednesday Apr 12 2023 at 14:25
AssetMark Financial (AMK) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Zacks Investment Research
Buy These 5 Low Leverage Stocks as U.S. Releases Job Report
Monday Apr 10 2023 at 09:54
Investors seem to be encouraged by the March jobs report, which reflects a resilient economy and moderate inflation. You may buy MCS, GME, AMK, HUM & ICFI.
Zacks Investment Research
Is AssetMark Financial (AMK) Outperforming Other Finance Stocks This Year?
Wednesday Apr 05 2023 at 11:26
Here is how AssetMark Financial (AMK) and Lemonade (LMND) have performed compared to their sector so far this year.
Zacks Investment Research
Is AssetMark Financial (AMK) a Solid Growth Stock? 3 Reasons to Think “Yes”
Monday Mar 20 2023 at 14:31
AssetMark Financial (AMK) could produce exceptional returns because of its solid growth attributes.
Zacks Investment Research
3 Top Stocks to Gain as Interest Rates Are Set to Stay Higher
Friday Mar 03 2023 at 09:02
Recent strength in the labor market has bolstered rate hike expectations. Invest in financial stocks like State Street (STT), Everest Re Group (RE) & AssetMark Financial (AMK).
Zacks Investment Research
AssetMark Financial (AMK) is an Incredible Growth Stock: 3 Reasons Why
Thursday Mar 02 2023 at 14:18
AssetMark Financial (AMK) possesses solid growth attributes, which could help it handily outperform the market.
Zacks Investment Research
Are Finance Stocks Lagging AssetMark Financial (AMK) This Year?
Thursday Mar 02 2023 at 11:17
Here is how AssetMark Financial (AMK) and BNP Paribas SA (BNPQY) have performed compared to their sector so far this year.
Zacks Investment Research
Are You Looking for a Top Momentum Pick? Why AssetMark Financial (AMK) is a Great Choice
Tuesday Feb 28 2023 at 13:33
Does AssetMark Financial (AMK) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Zacks Investment Research
Surging Earnings Estimates Signal Upside for AssetMark Financial (AMK) Stock
Tuesday Feb 28 2023 at 13:33
AssetMark Financial (AMK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The Motley Fool
Why AssetMark Financial Stock Was Up Big Today
Thursday Feb 23 2023 at 14:49
The fintech posted solid fourth-quarter earnings.
Zacks Investment Research
Strong Economic Data Bolster Rate Hike Prospects: Top 5 Gainers
Thursday Feb 23 2023 at 09:47
With rate hike expectations increasing, stocks such as Selective Insurance (SIGI), Axos Financial (AX), AssetMark Financial (AMK), East West Bancorp (EWBC) & State Street (STT) are poised to gain in the near term.
Seeking Alpha
AssetMark Financial Holdings, Inc. (AMK) Q4 2022 Earnings Call Transcript
Thursday Feb 23 2023 at 05:56
AssetMark Financial Holdings, Inc. (NYSE:AMK ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Taylor Hamilton – Head, IR Natalie Wolfsen – CEO & Director Gary Zyla – EVP, Principal Accounting Officer & CFO Conference Call Participants Gerald O’Hara – Jefferies Jeffrey Schmitt – William Blair & Company Operator Good afternoon, everyone, and welcome to AssetMark’s Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions].
Zacks Investment Research
AssetMark Financial (AMK) Q4 Earnings and Revenues Top Estimates
Wednesday Feb 22 2023 at 20:19
AssetMark Financial (AMK) delivered earnings and revenue surprises of 4.55% and 2.65%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Seeking Alpha
AssetMark Financial Holdings: Increasing Assets Under Management, A Stock To Buy
Tuesday Feb 21 2023 at 13:51
AMK’s business model is based on a platform for financial advisors. Its revenue growth has been impressive for the past three years.
Zacks Investment Research
3 Top Stocks to Gain From Hawkish Fed Expectations
Thursday Feb 16 2023 at 11:18
As rate hike expectations continue to grow this year, financial stocks such as F.N.B. (FNB), Voya Financial (VOYA) & AssetMark Financial (AMK) are positioned to benefit.
AssetMark Financial Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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AssetMark Financial’s Altman Z-score is 4.46 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
AssetMark Financial Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 8 insiders have sold $1.81M of common stock in AssetMark Financial on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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AssetMark Financial’s Income Quality of 1.8 is greater than its Industry Group of 1.01 (78.2% greater)
AssetMark Financial’s Income Quality of 1.8 is greater than its Major Industry Group of 1.01 (78.2% greater)
AssetMark Financial’s Income Quality of 1.8 is greater than its Sector of 0.58 (210.3% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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AssetMark Financial’s Current Ratio of 2.55 is in line with its Industry Group of 2.42 (5.4% greater)
AssetMark Financial’s Current Ratio of 2.55 is in line with its Major Industry Group of 2.39 (6.7% greater)
AssetMark Financial’s Current Ratio of 2.55 is greater than its Sector of 1.3 (96.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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AssetMark Financial’s PE Ratio of 19.97 is greater than its Industry Group of 14.57 (37.1% greater)
AssetMark Financial’s PE Ratio of 19.97 is greater than its Major Industry Group of 14.93 (33.8% greater)
AssetMark Financial’s PE Ratio of 19.97 is greater than its Sector of 7.86 (154.1% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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AssetMark Financial’s PB Ratio of 1.78 is in line with its Industry Group of 1.93 (-7.8% lower)
AssetMark Financial’s PB Ratio of 1.78 is lower than its Major Industry Group of 2.02 (-11.9% lower)
AssetMark Financial’s PB Ratio of 1.78 is greater than its Sector of 0.72 (147.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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AssetMark Financial’s ROE of 0.09 is lower than its Industry Group of 0.1 (-10.0% lower)
AssetMark Financial’s ROE of 0.09 is lower than its Major Industry Group of 0.14 (-35.7% lower)
AssetMark Financial’s ROE of 0.09 is greater than its Sector of 0.04 (125.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
AssetMark Financial’s ROCE of 0.1 is in line with its Industry Group of 0.1
AssetMark Financial’s ROCE of 0.1 is greater than its Major Industry Group of 0.09 (11.1% greater)
AssetMark Financial’s ROCE of 0.1 is greater than its Sector of 0.02 (400.0% greater)
Derived from SEC.GOV filing dataopen_in_new