BMO Capital analyst James Fotheringham maintained a Hold rating on AssetMark Financial Holdings (AMK – Research Report) yesterday and set a price target of $33.00. The company’s shares closed yesterday at $29.31.
According to TipRanks, Fotheringham is a 5-star analyst with an average return of 12.4% and a 64.47% success rate. Fotheringham covers the Financial sector, focusing on stocks such as World Acceptance, American Express, and Bank of America.
The word on The Street in general, suggests a Hold analyst consensus rating for AssetMark Financial Holdings with a $32.00 average price target.
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Based on AssetMark Financial Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $176.56 million and a net profit of $17.22 million. In comparison, last year the company earned a revenue of $148.3 million and had a net profit of $22.22 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMK in relation to earlier this year.
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AssetMark Financial Holdings, Inc. provides wealth management and technology solutions. It also provides end-to-end experience, spanning nearly all elements of an adviser’s engagement with client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. The company was founded by Ronald Dennis Cordes, Brian O’Toole and Richard Steiny in 1996 and is headquartered in Concord, CA.
Read More on AMK:
- AssetMark Financial reports Q2 EPS 44c, consensus 52c
- AssetMark Reports $100.8B Platform Assets for Second Quarter 2023
- Assetmark Financial Holdings (AMK) Q2 Earnings Cheat Sheet
- AssetMark to Announce Second Quarter 2023 Results on August 2, 2023
- AssetMark Financial reports platform assets of $100.8B at June-end, up 23%
