AssetMark Financial Holdings, Stock Price Closes Up 0.4%

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ASSETMARK ($NYSE:AMK): On Friday, the stock price of AssetMark Financial Holdings, Inc. increased by 0.4%. AssetMark Financial Holdings, Inc. is a financial services holding company that provides wealth management and technology solutions to financial advisors. AssetMark Financial Holdings, Inc. provides a wide range of wealth management solutions and services to financial advisors, including portfolio advice and management, practice management, financial planning software, asset allocation technology, portfolio selection and monitoring services, and investment research. The company also provides technology platform solutions, which enable advisors to manage their client relationships and portfolios efficiently.

AssetMark Financial Holdings, Inc. is publicly traded on the New York Stock Exchange under the ticker symbol AMK. The company has seen significant growth over the past several years, driven by its focus on providing innovative and comprehensive wealth management solutions to financial advisors.

Price History

Monday was a good day for ASSETMARK FINANCIAL investors, as the stock price closed up 0.4% from the previous day’s closing price of $30.3. The stock opened at $30.3 and closed at $30.5, marking a positive change in sentiment for the company. This increase in value is a sign that investors may be optimistic about the company’s future prospects and the direction in which it is currently heading.

Overall, the 0.4% increase in the stock price demonstrates that investors are content with the recent performance of ASSETMARK FINANCIAL, which is likely a positive sign for the company going forward. The stock price may continue to rise as more investors become aware of the company’s potential and its current successes, so it will be interesting to see where it goes in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Assetmark Financial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Assetmark Financial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Assetmark Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Assetmark Financial are shown below. More…

Analysis

At GoodWhale, we recently evaluated the fundamentals of ASSETMARK FINANCIAL. Our analysis revealed that ASSETMARK FINANCIAL displayed strong growth potential, while their profitability was medium. Meanwhile, their asset and dividend figures were deemed to be weak. Based on our Star Chart, ASSETMARK FINANCIAL is classified as a ‘cheetah’ – a type of company that has achieved a high level of revenue or earnings growth but is considered less stable due to lower profitability. Given this information, we believe that certain types of investors may be interested in ASSETMARK FINANCIAL. Such investors may value the company’s high growth potential, despite the lower stability of their financials. Moreover, ASSETMARK FINANCIAL has a high health score of 9/10 considering their cashflows and debt, suggesting that they are more than capable to sustain their operations in times of crisis. More…

Peers

The company offers a wide range of services including investment management, financial planning, and retirement planning. AssetMark Financial Holdings Inc. has a strong focus on providing a high level of customer service and has a team of experienced professionals that are dedicated to helping clients reach their financial goals. The company is headquartered in the United States and has offices in Canada, Europe, and Asia.

– Insignia Financial Ltd ($ASX:IFL)

Insignia Financial Ltd. is a holding company, which engages in the provision of financial services. It operates through the following segments: Banking, Insurance, and Investment. The Banking segment offers current accounts, savings accounts, and loans. The Insurance segment provides life insurance products. The Investment segment includes investment banking, securities brokerage, and asset management services. The company was founded on December 20, 2002 and is headquartered in Toronto, Canada.

– WT Financial Group Ltd ($ASX:WTL)

Founded in 1856, Macquarie Group is a global provider of banking, financial, advisory, investment, and funds management services with operations in more than 60 countries. The company has a market capitalization of $27.81 billion and a return on equity of 9.92%. Macquarie’s businesses are organized into four main operating groups: Banking and Financial Services, Corporate and Asset Finance, Markets, and Macquarie Capital. Banking and Financial Services offers a range of banking and financial services, including retail banking, commercial banking, and asset and wealth management. Corporate and Asset Finance provides financing and leasing solutions to corporate and government clients. Markets provides sales and trading, research, and market risk management services. Macquarie Capital is the company’s investment banking arm.

– Huntwicke Capital Group Inc ($OTCPK:HCGI)

With a market cap of 23.16M as of 2022, a Return on Equity of -4.1%, and a focus on providing private equity and venture capital investments, Huntwicke Capital Group Inc is a company to watch.

Summary

AssetMark Financial Holdings, Inc. had a positive trading day on Friday as its stock price rose by 0.4%. This is a positive indicator for investors considering placing their money in AssetMark, as the positive movement of the stock likely reflects an increase of confidence in the company and its performance. Investors should evaluate AssetMark’s financials and projected performance to determine if it is a good option for them. AssetMark’s financial statements should be analyzed to ensure that it is adequately reporting its financial position and performance.

Additionally, investors should research the company’s past performance and any expected changes in the future. Finally, investors should consider the overall potential returns of investing in AssetMark and compare those returns to those of other options to make an informed decision before investing.