AssetMark Financial (NYSE:AMK – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60, Briefing.com reports. AssetMark Financial had a net margin of 19.92% and a return on equity of 13.15%. The firm had revenue of $190.27 million during the quarter, compared to the consensus estimate of $143.91 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year.
AssetMark Financial Trading Up 0.0 %
Shares of AMK traded up $0.01 during trading hours on Friday, reaching $33.96. 470,625 shares of the company traded hands, compared to its average volume of 701,744. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 17.78 and a beta of 1.11. AssetMark Financial has a 12-month low of $22.92 and a 12-month high of $37.54. The stock’s fifty day moving average price is $35.19 and its 200 day moving average price is $30.53. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.07.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on AMK shares. William Blair cut AssetMark Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. downgraded shares of AssetMark Financial from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Friday, April 26th. Finally, Raymond James upped their price target on shares of AssetMark Financial from $39.00 to $41.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th.
About AssetMark Financial
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.
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