Sagefield Capital LP Acquires Shares of 70,100 AssetMark Financial Holdings, Inc. (NYSE:AMK)

Sagefield Capital LP acquired a new stake in AssetMark Financial Holdings, Inc. (NYSE:AMK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,100 shares of the company’s stock, valued at approximately $2,422,000. Sagefield Capital LP owned about 0.09% of AssetMark Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of AssetMark Financial by 8.9% in the 2nd quarter. Principal Financial Group Inc. now owns 13,770 shares of the company’s stock valued at $476,000 after buying an additional 1,124 shares during the period. Charles Schwab Investment Management Inc. raised its position in AssetMark Financial by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 171,489 shares of the company’s stock valued at $5,136,000 after acquiring an additional 2,152 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in AssetMark Financial by 6,360.0% in the first quarter. Acadian Asset Management LLC now owns 2,584 shares of the company’s stock valued at $91,000 after acquiring an additional 2,544 shares during the period. American Century Companies Inc. boosted its position in AssetMark Financial by 18.8% in the 2nd quarter. American Century Companies Inc. now owns 23,385 shares of the company’s stock worth $808,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of AssetMark Financial by 57.3% during the 1st quarter. Quadrature Capital Ltd now owns 12,790 shares of the company’s stock worth $452,000 after purchasing an additional 4,660 shares during the period. Institutional investors and hedge funds own 28.64% of the company’s stock.

AssetMark Financial Price Performance

NYSE:AMK opened at $35.24 on Tuesday. The company has a 50 day moving average price of $34.91 and a 200-day moving average price of $34.75. AssetMark Financial Holdings, Inc. has a 1-year low of $22.92 and a 1-year high of $37.54. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 18.45 and a beta of 1.10.

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

AssetMark Financial Profile

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.