Los Angeles Capital Management LLC Purchases 5,336 Shares of AssetMark Financial Holdings, Inc. (NYSE:AMK)

Los Angeles Capital Management LLC increased its position in shares of AssetMark Financial Holdings, Inc. (NYSE:AMK) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,245 shares of the company’s stock after purchasing an additional 5,336 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of AssetMark Financial worth $1,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC raised its stake in AssetMark Financial by 6,360.0% during the first quarter. Acadian Asset Management LLC now owns 2,584 shares of the company’s stock worth $91,000 after acquiring an additional 2,544 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in AssetMark Financial during the first quarter worth about $223,000. Dynamic Technology Lab Private Ltd acquired a new position in AssetMark Financial during the fourth quarter worth about $230,000. Horizon Investment Services LLC acquired a new position in AssetMark Financial during the first quarter worth about $301,000. Finally, Trexquant Investment LP acquired a new position in AssetMark Financial during the fourth quarter worth about $329,000. Institutional investors own 28.64% of the company’s stock.

AssetMark Financial Stock Performance

Shares of NYSE AMK opened at $35.24 on Wednesday. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 18.45 and a beta of 1.10. AssetMark Financial Holdings, Inc. has a 12 month low of $22.92 and a 12 month high of $37.54. The stock has a 50-day moving average price of $34.76 and a two-hundred day moving average price of $34.73.

AssetMark Financial (NYSE:AMK) last issued its earnings results on Thursday, July 18th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). AssetMark Financial had a return on equity of 13.08% and a net margin of 19.43%. The business had revenue of $198.49 million for the quarter, compared to analyst estimates of $193.28 million. On average, sell-side analysts predict that AssetMark Financial Holdings, Inc. will post 2.46 earnings per share for the current year.

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.