On August 2, 2023, ASSETMARK FINANCIAL ($NYSE:AMK) announced their second quarter FY2023 earnings results (ending June 30, 2023), with total revenue of USD 183.2 million and a net income of USD 32.9 million. This marks a 21.2% and 29.8% year-over-year increase for revenue and net income, respectively.
When the market opened, the stock was trading at $28.8 per share and ended the day closing at $28.6, representing a decrease of 1.4% compared to the prior closing price of $29.0. The company attributed this growth to improved operational efficiency and cost control measures implemented over the past year. With their continued focus on improving operational efficiency and cost-control measures, ASSETMARK FINANCIAL is well-positioned for future success. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Assetmark Financial. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Assetmark Financial. More…
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Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Assetmark Financial. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Assetmark Financial are shown below. More…
Income Statement Ratios
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Analysis – Assetmark Financial Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of ASSETMARK FINANCIAL‘s wellbeing. After taking into account all relevant factors, our proprietary Valuation Line has determined that the fair value of ASSETMARK FINANCIAL share is around $30.2. Currently, ASSETMARK FINANCIAL stock is traded at $28.6, a fair price that is undervalued by 5.3%. This presents investors with an opportunity to buy the stock at a discounted price, while still maintaining a healthy return on their investment. More…
Risk Rating Analysis
Star Chart Analysis
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.
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ASSETMARK FINANCIAL reported strong second quarter results for FY2023, with total revenue increasing 21.2% year-over-year and net income increasing 29.8% year-over-year. This marks a significant improvement from the same period last year and is an encouraging sign of the company’s financial health going forward. For investors, these results suggest that ASSETMARK FINANCIAL is well-positioned to continue delivering strong returns on investment in the future. As such, the company remains an attractive option for investors looking to maximize their returns.