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AssetMark Financial Holdings NYSE:AMK Stock Report

Last Price

US$35.24

Market Cap

US$2.6b

7D

0.5%

1Y

24.9%

Updated

05 Sep, 2024

Data

Company Financials +

AssetMark Financial Holdings, Inc.

NYSE:AMK Stock Report

Market Cap: US$2.6b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

AMK Stock Overview

Provides wealth management platform in the United States.

About the company

AMK fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends0/6

Rewards

Price-To-Earnings ratio (18.4x) is below the Capital Markets industry average (20.4x)
Earnings are forecast to grow 18.67% per year
Earnings grew by 35.4% over the past year

Risk Analysis

Significant insider selling over the past 3 months

AssetMark Financial Holdings, Inc. Competitors

Federated Hermes

NYSE:FHI

US$3.0b

Hercules Capital

NYSE:HTGC

US$3.2b

Adams Diversified Equity Fund

NYSE:ADX

US$2.4b

Patria Investments

NasdaqGS:PAX

US$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for AssetMark Financial Holdings
Historical stock prices
Current Share PriceUS$35.24
52 Week HighUS$37.54
52 Week LowUS$22.92
Beta1.1
11 Month Change1.85%
3 Month Change2.80%
1 Year Change24.92%
33 Year Change40.29%
5 Year Change28.19%
Change since IPO30.33%

Recent News & Updates

Recent updates

The Price Is Right For AssetMark Financial Holdings, Inc. (NYSE:AMK)

Jan 23
The Price Is Right For AssetMark Financial Holdings, Inc. (NYSE:AMK)

Should You Be Adding AssetMark Financial Holdings (NYSE:AMK) To Your Watchlist Today?

Dec 08
Should You Be Adding AssetMark Financial Holdings (NYSE:AMK) To Your Watchlist Today?

AssetMark Is Primed For Investment In Growth And Efficiency (Upgrade)

Nov 10

Here's Why We Think AssetMark Financial Holdings (NYSE:AMK) Is Well Worth Watching

Sep 08
Here's Why We Think AssetMark Financial Holdings (NYSE:AMK) Is Well Worth Watching

AssetMark Sees Asset Inflow Improvement But Leading Indicators Are Cloudy

Jul 28

Here's Why AssetMark Financial Holdings (NYSE:AMK) Has Caught The Eye Of Investors

Jun 08
Here's Why AssetMark Financial Holdings (NYSE:AMK) Has Caught The Eye Of Investors

Should You Be Adding AssetMark Financial Holdings (NYSE:AMK) To Your Watchlist Today?

Feb 28
Should You Be Adding AssetMark Financial Holdings (NYSE:AMK) To Your Watchlist Today?

AssetMark Financial Holdings: Increasing Assets Under Management, A Stock To Buy

Feb 21

AssetMark Financial's platform assets rise 5.2% in November vs. October

Dec 13

AssetMark Financial platform assets dip 5.9% in September, net flows drop 62.3%

Oct 10

AssetMark Financial platform assets rose over 5% in July, net flows slid

Aug 10

AssetMark Non-GAAP EPS of $0.44 beats by $0.03, revenue of $151.2M beats by $43.74M

Aug 03

AssetMark Financial platform assets dip to $82.1B in June

Jul 11

AssetMark Financial Holdings, Inc. 2021 Q1 - Results - Earnings Call Presentation

May 09

Reflecting on AssetMark Financial Holdings' (NYSE:AMK) Share Price Returns Over The Last Year

Feb 27
Reflecting on AssetMark Financial Holdings' (NYSE:AMK) Share Price Returns Over The Last Year

Shareholder Returns

AMKUS Capital MarketsUS Market
7D0.5%4.7%0.8%
1Y24.9%62.0%38.3%

Return vs Industry: AMK underperformed the US Capital Markets industry which returned 30.3% over the past year.

Return vs Market: AMK exceeded the US Market which returned 21.1% over the past year.

Price Volatility

Is AMK's price volatile compared to industry and market?
AMK volatility
AMK Average Weekly Movement0.6%
Capital Markets Industry Average Movement3.9%
Market Average Movement6.2%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: AMK has not had significant price volatility in the past 3 months.

Volatility Over Time: AMK's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996990H. Kimwww.assetmark.com

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. The company also provides flexible technology platform for advisers for accessing a range of automated tools and capabilities, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress-to-goal analysis, and client activity tracking; adviser services; curated investment platform; and integrated financial planning tools.

AssetMark Financial Holdings, Inc. Fundamentals Summary

How do AssetMark Financial Holdings's earnings and revenue compare to its market cap?
AMK fundamental statistics
Market capUS$2.64b
Earnings (TTM)US$143.30m
Revenue (TTM)US$751.44m

18.4x

P/E Ratio

3.5x

P/S Ratio

Is AMK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AMK income statement (TTM)
RevenueUS$751.44m
Cost of RevenueUS$370.07m
Gross ProfitUS$381.37m
Other ExpensesUS$238.07m
EarningsUS$143.30m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.91
Gross Margin50.75%
Net Profit Margin19.07%
Debt/Equity Ratio0%

How did AMK perform over the long term?

See historical performance and comparison