AMK Stock Price, Assetmark Financial Holdings Quote, Chart

Market Summary

USD33.97+0.01

Delayedas of 16 May 2024, 09:55 am

0.03%

AMK Alerts

Big jump in Earnings (Y/Y)

AMK Stock Price

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AMK RSI Chart

AMK Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

17.56

Price/Sales (Trailing)

3.5

EV/EBITDA

9.91

Price/Free Cashflow

14.09

AMK Price/Sales (Trailing)

AMK Profitability

EBT Margin

26.76%

Return on Equity

10.99%

Return on Assets

8.68%

Free Cashflow Yield

7.09%

AMK Fundamentals

AMK Revenue

Revenue (TTM)

722.2M

Rev. Growth (Yr)

7.76%

Rev. Growth (Qtr)

20.28%

AMK Earnings

Earnings (TTM)

143.9M

Earnings Growth (Yr)

120.44%

Earnings Growth (Qtr)

9.61%

Breaking Down AMK Revenue

52 Week Range

23.4934.00

(Low)(High)

Last 7 days

0.3%

Last 30 days

-3.7%

Last 90 days

6.5%

Trailing 12 Months

20.7%

How does AMK drawdown profile look like?

AMK Financial Health

Current Ratio

4.65

Debt/Equity

0.07

Debt/Cashflow

1.96

AMK Investor Care

Shares Dilution (1Y)

0.64%

Diluted EPS (TTM)

1.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	722.2M	0	0	0
2023	640.0M	672.0M	707.8M	708.5M
2022	559.6M	582.8M	597.8M	611.7M
2021	436.2M	465.1M	497.6M	530.3M
2020	440.5M	435.2M	432.2M	432.1M
2019	371.4M	387.1M	404.3M	417.9M
2018	0	318.2M	340.9M	363.6M
2017	0	0	0	295.5M

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Tracking the Latest Insider Buys and Sells of Assetmark Financial Holdings Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 04, 2024	kim michael	sold	-416,285	35.18	-11,833	ceo and president
Dec 06, 2023	hansen carrie e.	sold	-301,070	26.18	-11,500	evp, chief operating officer
Nov 17, 2023	mcnatt joel david jr	sold	-100,680	25.17	-4,000	evp, investment solutions
Oct 24, 2023	kim michael	acquired	-	-	42,302	ceo and president
Jun 14, 2023	angus ted f.	sold	-204,582	28.16	-7,265	evp, general counsel
Jun 09, 2023	zyla gary g.	sold	-25,316	29.61	-855	evp, chief financial officer
Jun 09, 2023	kim michael	sold	-39,914	29.61	-1,348	president & cco
Jun 09, 2023	wolfsen natalie grace	sold	-39,914	29.61	-1,348	evp, chief executive officer
Jun 09, 2023	mehta mukesh	sold	-25,316	29.61	-855	evp, chief information officer
Jun 09, 2023	minta-jacobs esi	sold	-8,883	29.61	-300	evp, hr & project management

Which funds bought or sold AMK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	JANUS HENDERSON GROUP PLC	reduced	-1.17	3,709,090	25,722,800	0.01%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	sold off	-100	-9,884	-	-%
May 15, 2024	Voya Investment Management LLC	reduced	-19.3	-12,848	266,885	-%
May 15, 2024	MALTESE CAPITAL MANAGEMENT LLC	added	268	545,571	708,200	0.14%
May 15, 2024	Royal Bank of Canada	reduced	-90.55	-139,000	17,000	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	unchanged	-	3,877	25,142	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	reduced	-40.76	-1,039,080	2,429,130	0.01%
May 15, 2024	MARSHALL WACE, LLP	new	-	1,993,480	1,993,480	-%
May 15, 2024	D. E. Shaw & Co., Inc.	sold off	-100	-447,962	-	-%
May 15, 2024	Point72 Asset Management, L.P.	sold off	-100	-269,550	-	-%

Are Funds Buying or Selling AMK?

Are funds buying AMK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AMK

No. of Funds

AMK Alerts

Big jump in Earnings (Y/Y)

Recent SEC filings of Assetmark Financial Holdings Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	13F-NT	13F-NT
May 07, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 09, 2024	DEFA14A	DEFA14A
Apr 09, 2024	DEF 14A	DEF 14A
Apr 09, 2024	ARS	ARS
Mar 14, 2024	10-K	Annual Report
Mar 05, 2024	4	Insider Trading
Feb 21, 2024	8-K	Current Report

Peers (Alternatives to Assetmark Financial Holdings Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BLK	121.2B	18.3B	6.90%	28.69%	20.48	6.61	5.32%	20.80%
BX	93.8B	10.3B	8.37%	63.32%	43.6	9.09	116.39%	249.10%
ARES	46.4B	3.6B	15.89%	84.07%	97.83	13.06	12.70%	183.11%
BK	44.0B	19.6B	6.77%	48.27%	13.18	2.24	78.39%	20.24%
BEN	12.9B	8.1B	-1.68%	2.08%	14.36	1.59	2.98%	5.84%
MID-CAP
IVZ	7.3B	5.8B	7.44%	8.95%	-21.77	1.27	-1.10%	-153.42%
AMG	5.1B	2.0B	-0.38%	14.22%	7.43	2.51	-8.91%	-39.33%
AB	3.9B	-	5.30%	2.46%	14.37	-	-	7.16%
CNS	3.7B	486.3M	7.87%	36.16%	29.24	7.68	-9.75%	-22.27%
APAM	3.7B	1.0B	8.03%	47.40%	16.15	3.71	6.21%	20.27%
AMK	2.5B	722.2M	-3.71%	20.67%	17.56	3.5	12.85%	46.40%
SMALL-CAP
PX	953.3M	250.6M	9.51%	-22.96%	-362.53	3.8	18.02%	-111.85%
BSIG	861.0M	440.5M	0.88%	-	12.59	1.95	11.01%	-22.97%
AINC	16.5M	770.8M	-1.84%	-51.90%	-3.8	0.02	10.81%	-208.39%
AC	728.1K	23.1M	4.44%	-7.93%	0.02	0.03	53.41%	323.95%

Assetmark Financial Holdings Inc News

Latest updates

Assetmark Financial Holdings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	20.3%	190	158	191	183	177	158	155	151	148	144	140	128	119	111	107	99.00	115	111	110	104	92.00
Costs and Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105	101	111	-	104	94.00	82.00
Operating Expenses	25.4%	139	110	137	137	130	119	116	116	118	122	117	107	135	107	105	101	111	-	-	-	-
S&GA Expenses	-100.0%	-	26.00	23.00	24.00	26.00	24.00	22.00	22.00	22.00	20.00	19.00	16.00	17.00	14.00	16.00	13.00	19.00	17.00	16.00	13.00	12.00
EBITDA Margin	10.7%	0.33*	0.30*	0.28*	0.27*	0.27*	0.29*	0.26*	0.25*	0.23*	0.16*	0.14*	0.10*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.1%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	3.00	4.00	4.00
Income Taxes	5.0%	12.00	11.00	15.00	12.00	7.00	11.00	7.00	8.00	7.00	8.00	9.00	10.00	-8.13	11.00	-7.71	6.00	-0.93	4.00	5.00	3.00	3.00
Earnings Before Taxes	8.5%	50.00	46.00	53.00	45.00	24.00	37.00	37.00	33.00	29.00	20.00	22.00	20.00	-17.04	1.00	1.00	-3.47	2.00	1.00	1.00	7.00	6.00
EBT Margin	13.2%	0.27*	0.24*	0.22*	0.21*	0.21*	0.22*	0.20*	0.18*	0.16*	0.08*	0.05*	0.01*	-	-	-	-	-	-	-	-	-
Net Income	9.6%	38.00	35.00	38.00	33.00	17.00	26.00	30.00	25.00	22.00	12.00	12.00	10.00	-8.92	-9.86	9.00	-9.28	3.00	-2.74	-3.73	3.00	3.00
Net Income Margin	14.6%	0.20*	0.17*	0.16*	0.16*	0.15*	0.17*	0.15*	0.12*	0.10*	0.05*	0.01*	0.00*	-	-	-	-	-	-	-	-	-
Free Cashflow	242.1%	46.00	14.00	53.00	66.00	39.00	43.00	40.00	29.00	25.00	34.00	40.00	38.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2018Q4
Assets	2.2%	1,657	1,621	1,605	1,564	1,508	1,503	1,467	1,434	1,403	1,383	1,361	1,334	1,235	1,224	1,261	1,237	1,234	1,189	1,166	1,151	1,147
Current Assets	10.6%	322	291	279	240	190	187	200	176	149	134	109	238	138	123	160	133	126	133	109	93.00	127
Cash Equivalents	13.8%	248	218	215	173	123	123	137	117	99.00	77.00	50.00	180	76.00	71.00	109	94.00	80.00	96.00	83.00	65.00	105
Net PPE	5.0%	9.00	9.00	8.00	8.00	8.00	8.00	7.00	8.00	8.00	8.00	8.00	8.00	8.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00
Goodwill	0%	488	488	487	487	487	487	437	437	437	448	441	109	339	339	339	339	339	327	325	325	298
Liabilities	-1.7%	347	353	378	379	361	377	370	370	368	374	370	388	306	319	360	358	359	330	318	436	448
Current Liabilities	-8.7%	69.00	76.00	93.00	94.00	75.00	74.00	54.00	53.00	49.00	59.00	49.00	40.00	34.00	46.00	39.00	35.00	35.00	42.00	39.00	36.00	49.00
Long Term Debt	0.0%	94.00	94.00	94.00	93.00	93.00	112	114	115	117	115	115	150	75.00	75.00	122	122	122	122	122	242	243
LT Debt, Non Current	-100.0%	-	94.00	94.00	93.00	93.00	112	114	115	117	115	115	150	75.00	75.00	122	122	122	122	122	242	243
Shareholder's Equity	3.3%	1,310	1,267	1,227	1,184	1,147	1,126	1,097	1,063	1,035	1,009	991	946	930	905	901	879	875	859	848	716	699
Retained Earnings	12.4%	345	307	272	234	201	184	158	128	102	80.00	68.00	56.00	46.00	55.00	64.00	56.00	65.00	62.00	65.00	69.00	64.00
Additional Paid-In Capital	0.4%	965	961	955	951	947	943	939	935	932	929	924	891	884	850	837	824	810	796	782	647	635
Shares Outstanding	0.0%	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	72.00	73.00	72.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	653	-	-	-	400	-	-	-	500	-	-	-	500	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	211.0%	47,415	15,245	53,949	66,353	39,126	44,702	40,331	29,846	25,422	35,076	40,616	38,628	14,657	22,548	24,895	20,255	9,249	22,517	25,058	4,739	2,769
Share Based Compensation	1.0%	4,168	4,126	4,288	4,152	3,822	3,780	3,923	3,031	3,142	5,558	7,975	6,676	33,428	13,796	12,919	13,934	13,188	14,109	11,641	5,226	5,226
Cashflow From Investing	-37.7%	-17,469	-12,685	-12,013	-16,003	-13,932	-57,076	-18,095	-10,464	-9,357	-7,818	-134,018	-9,703	-9,445	-8,487	-8,722	-6,832	-25,929	-7,770	-5,556	-41,568	-5,020
Cashflow From Financing	-100.0%	-	1,366	-	-	-25,000	-1,562	-1,563	-1,562	5,945	1.00	-34,906	-	-	-50,886	-	-	-	-142	-790	-625	-625

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AMK Income Statement

2024-03-31

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 190,266	$ 170,298
Operating expenses:
Asset-based expenses	44,853	37,434
Spread-based expenses	389	293
Employee compensation	50,007	46,911
General and operating expenses	27,324	25,689
Professional fees	6,081	5,393
Depreciation and amortization	9,922	8,428
Total operating expenses	138,576	124,148
Interest expense	2,294	2,347
Other (income) expense, net	(332)	19,865
Income before income taxes	49,728	23,938
Provision for income taxes	11,764	6,716
Net income	37,964	17,222
Net comprehensive income	$ 37,964	$ 17,222
Net income per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.51	$ 0.23
Diluted (in dollars per share)	$ 0.50	$ 0.23
Weighted average number of common shares outstanding, basic (shares)	74,383,265	73,890,162
Weighted average number of common shares outstanding, diluted (shares)	75,269,626	74,370,353
Asset-based revenue
Revenue:
Total revenue	$ 149,984	$ 131,039
Spread-based revenue
Revenue:
Total revenue	30,093	31,999
Subscription-based revenue
Revenue:
Total revenue	4,252	3,544
Other revenue
Revenue:
Total revenue	$ 5,937	$ 3,716

AMK Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 247,626	$ 217,680
Restricted cash	15,000	15,000
Investments, at fair value	20,573	18,003
Fees and other receivables, net	23,164	21,345
Income tax receivable, net	0	1,890
Prepaid expenses and other current assets	15,730	17,193
Total current assets	322,093	291,111
Property, plant and equipment, net	9,201	8,765
Capitalized software, net	113,123	108,955
Other intangible assets, net	681,519	684,142
Operating lease right-of-use assets	19,244	20,408
Goodwill	487,909	487,909
Other assets	23,737	19,273
Total assets	1,656,826	1,620,563
Current liabilities:
Accounts payable	278	288
Accrued liabilities and other current liabilities	60,430	75,554
Income tax payable, net	8,539	0
Total current liabilities	69,247	75,842
Long-term debt, net	93,567	93,543
Other long-term liabilities	20,541	18,429
Long-term portion of operating lease liabilities	24,885	26,295
Deferred income tax liabilities, net	139,072	139,072
Total long-term liabilities	278,065	277,339
Total liabilities	347,312	353,181
Stockholders’ equity:
Common stock, $0.001 par value (675,000,000 shares authorized and 74,399,237 and 74,372,889 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)	74	74
Additional paid-in capital	964,868	960,700
Retained earnings	344,586	306,622
Accumulated other comprehensive loss	(14)	(14)
Total stockholders’ equity	1,309,514	1,267,382
Total liabilities and stockholders’ equity	$ 1,656,826	$ 1,620,563

About Assetmark Financial Holdings Inc

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. It also provides integrated technology platform for advisers for accessing a range of automated processes, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress to goal analysis, and client activity tracking; advisory services; and curated investment platform. In addition, the company provides SaaS-based financial planning, wellness, and client digital engagement solutions. Further, it offers mutual funds; custodial recordkeeping services primarily to investor clients of registered investment advisers; and wealth management solutions for individual investors. The company serves independent advisers who provide wealth management advice to the U.S. investors and advisers. AssetMark Financial Holdings, Inc. was founded in 1996 and is headquartered in Concord, California. AssetMark Financial Holdings, Inc. operates as a subsidiary of Huatai International Investment Holdings Limited.

CEO	Mr. H. Michael Kim
WEBSITE	assetmark.com
INDUSTRY	Asset Management
EMPLOYEES	1000

Assetmark Financial Holdings Inc Frequently Asked Questions

What is the ticker symbol for Assetmark Financial Holdings Inc? What does AMK stand for in stocks?

AMK is the stock ticker symbol of Assetmark Financial Holdings Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Assetmark Financial Holdings Inc (AMK)?

As of Wed May 15 2024, market cap of Assetmark Financial Holdings Inc is 2.53 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AMK stock?

You can check AMK's fair value in chart for subscribers.

What is the fair value of AMK stock?

You can check AMK's fair value in chart for subscribers. The fair value of Assetmark Financial Holdings Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Assetmark Financial Holdings Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AMK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Assetmark Financial Holdings Inc a good stock to buy?

The fair value guage provides a quick view whether AMK is over valued or under valued. Whether Assetmark Financial Holdings Inc is cheap or expensive depends on the assumptions which impact Assetmark Financial Holdings Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AMK.

What is Assetmark Financial Holdings Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, AMK's PE ratio (Price to Earnings) is 17.57 and Price to Sales (PS) ratio is 3.5. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AMK PE ratio will change depending on the future growth rate expectations of investors.