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AssetMark Financial Holdings, Inc. Stock Research

AMK

26.76USD+0.15(+0.56%)Delayedas of 20 Sep 2023, 01:40 pm
Watchlist

Market Summary

USD26.76+0.15
Delayedas of 20 Sep 2023, 01:40 pm
0.56%

AMK Stock Price

AMK RSI Chart

AMK Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

18.66

Price/Sales (Trailing)

2.91

EV/EBITDA

9.79

Price/Free Cashflow

10.49

AMK Price/Sales (Trailing)

AMK Profitability

EBT Margin

20.31%

Return on Equity

8.56%

Return on Assets

6.52%

Free Cashflow Yield

9.54%

AMK Fundamentals

AMK Revenue

Revenue (TTM)

678.6M

Revenue Y/Y

21.18%

Revenue Q/Q

3.78%

AMK Earnings

Earnings (TTM)

105.8M

Earnings Y/Y

29.74%

Earnings Q/Q

90.9%

Price Action

52 Week Range

16.8933.00
(Low)(High)

Last 7 days

0.3%

Last 30 days

-5%

Last 90 days

-6.7%

Trailing 12 Months

33.1%

AMK Financial Health

Current Ratio

2.54

AMK Investor Care

Shares Dilution (1Y)

0.73%

Diluted EPS (TTM)

1.43

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for AMK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-06-14
Angus Ted F.
sold
-204,582
28.16
-7,265
evp, general counsel
2023-06-09
Zyla Gary G.
sold
-25,316
29.61
-855
evp, chief financial officer
2023-06-09
Wolfsen Natalie Grace
sold
-39,914
29.61
-1,348
evp, chief executive officer
2023-06-09
Mehta Mukesh
sold
-25,316
29.61
-855
evp, chief information officer
2023-06-09
Minta-Jacobs Esi
sold
-8,883
29.61
-300
evp, hr & project management
2023-06-09
Angus Ted F.
sold
-25,316
29.61
-855
evp, general counsel
2023-06-09
Kim Michael
sold
-39,914
29.61
-1,348
president & cco
2023-06-09
McNatt Joel David JR
sold
-8,883
29.61
-300
evp, investment solutions
2023-06-09
Hansen Carrie E.
sold
-25,316
29.61
-855
evp, chief operating officer
2023-06-08
Bhagat Rohit
acquired
-
-
4,478
-

1–10 of 50

Which funds bought or sold AMK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-08-25
Yarbrough Capital, LLC
unchanged
-
-21,732
360,102
0.02%
2023-08-24
Alberta Investment Management Corp
new
-
550,341
550,341
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
0.19
-90,903
1,558,370
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-46.59
-7,769
7,887
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
9.45
27,819
891,876
-%
2023-08-16
Nuveen Asset Management, LLC
reduced
-30.98
-3,862,850
7,204,150
-%
2023-08-15
Belpointe Asset Management LLC
sold off
-100
-2,642
-
-%
2023-08-15
WELLS FARGO & COMPANY/MN
added
199
231,282
358,026
-%
2023-08-15
ZACKS INVESTMENT MANAGEMENT
added
73.06
493,048
1,273,010
0.01%
2023-08-15
GOLDMAN SACHS GROUP INC
added
9.5
81,289
2,566,150
-%

1–10 of 47

Latest Funds Activity

Are funds buying AMK calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AMK
No. of Funds

Recent SEC filings of AssetMark Financial Holdings

View All Filings
Date Filed Form Type Document
Sep 08, 2023
8-K
Current Report
Aug 11, 2023
13F-NT
13F-NT
Aug 04, 2023
10-Q
Quarterly Report
Aug 02, 2023
8-K
Current Report
Jun 15, 2023
4
Insider Trading
Jun 14, 2023
144
Notice of Insider Sale Intent
Jun 12, 2023
4
Insider Trading
Jun 12, 2023
4
Insider Trading
Jun 12, 2023
4
Insider Trading
Jun 12, 2023
4
Insider Trading

AMK Fair Value

Loading...

Peers (Alternatives to AssetMark Financial Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
-
15.0B
4.46% 25.33%
-
-
9.38% -23.22%
82.1B
7.0B
16.61% 23.29%
65.86
11.8
-60.78% -68.72%
54.4B
11.1B
5.37% 28.86%
44.33
4.88
13.00% 26.39%
13.1B
7.8B
-0.11% 7.03%
15.96
1.68
-8.39% -52.46%
MID-CAP
4.8B
2.1B
2.40% 8.02%
4.21
2.26
-13.32% 104.61%
2.0B
678.6M
-5.00% 33.05%
18.66
2.91
16.44% 46.62%
7.8B
5.8B
0.26% -8.33%
11.43
1.29
-13.83% -40.28%
7.0B
1.8B
8.38% 32.76%
28.41
3.85
48.44% -13.75%
5.5B
2.5B
8.31% 58.63%
16.04
2.21
-24.58% -51.56%
4.6B
2.0B
6.91% 17.02%
12.3
2.25
-20.30% -29.01%
2.9B
2.7B
-1.52% -9.83%
1.5K
1.08
-13.59% -99.63%
SMALL-CAP
480.9M
140.6M
-5.53% -3.59%
9.81
3.42
-21.64% -14.24%
461.6M
39.5M
-4.73% -27.05%
25.55
11.63
-2.01% -17.48%
295.9M
391.0M
4.91% 25.53%
-18.54
0.76
-32.74% -176.48%

AssetMark Financial Holdings News

InvestorPlace
Plan and Profit: 3 Retirement Advisory Stocks Worth Your Investment.
InvestorPlace,
30 hours ago
Yahoo Finance
GlobeNewswire
June AMK Report.
GlobeNewswire,
2 months ago

Returns for AMK

Cumulative Returns on AMK

5.9%


3-Year Cumulative Returns

Risks for AMK

What is the probability of a big loss on AMK?

59.1%


Probability that AssetMark Financial Holdings stock will be more than 20% underwater in next one year

40%


Probability that AssetMark Financial Holdings stock will be more than 30% underwater in next one year.

22.3%


Probability that AssetMark Financial Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AMK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AssetMark Financial Holdings was unfortunately bought at previous high price.

Drawdowns

Financials for AssetMark Financial Holdings

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue5.0%679647618598583560530498465436432432435441418404387371364363355
Operating Expenses4.2%508488475472473464482466454448425423425446388---307--
  S&GA Expenses2.3%96.0094.0090.0086.0083.0078.0073.0066.0064.0061.0062.0065.0065.0065.0058.0054.0050.0047.0045.0044.0042.00
EBITDA-100.0%-17117415714313186.0069.0046.0022.0041.0041.0041.0052.0058.00------
EBITDA Margin-100.0%-0.26*0.28*0.26*0.25*0.23*0.16*0.14*0.10*0.05*0.09*0.09*0.09*0.12*0.14*------
Interest Expenses8.4%8.008.007.005.005.004.004.004.004.005.006.006.007.0010.0012.0014.0016.0016.002.00--
Earnings Before Taxes8.5%14313113712010591.0045.0026.005.00-18.620.000.000.0010.0015.0026.0040.0047.0055.0058.0054.00
EBT Margin-100.0%-0.20*0.22*0.20*0.18*0.16*0.08*0.05*0.01*-0.04*0.00*0.00*0.00*0.02*0.04*------
Net Income7.7%10698.0010390.0072.0057.0026.003.00-0.20-19.46-7.81-0.69-13.01-0.49-0.4210.0024.0030.0037.0039.0037.00
Net Income Margin-100.0%-0.15*0.17*0.15*0.12*0.10*0.05*0.01*0.00*-0.04*-0.02*0.00*-0.03*0.00*0.00*------
Free Cashflow-100.0%-15113712812913812711598.0080.0074.0074.0075.0059.0053.00------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22018Q4
Assets3.7%1,5641,5081,5031,4671,4341,4031,3831,3611,3341,2351,2241,2611,2371,2341,1891,1661,1511,147
  Current Assets26.3%24019018720017614913410923813812316013312613310993.00127
    Cash Equivalents40.0%17312312313711799.0077.0050.0018076.0071.0010994.0080.0096.0083.0065.00105
  Net PPE-5.0%8.008.008.007.008.008.008.008.008.008.007.007.007.007.007.007.007.007.00
  Goodwill0.0%487487487437437437448441109339339339339339327325325298
Liabilities5.2%379361377370370368374370388306319360358359330318436448
  Current Liabilities25.7%94.0075.0074.0054.0053.0049.0059.0049.0040.0034.0046.0039.0035.0035.0042.0039.0036.0049.00
    LT Debt, Non Current0.0%93.0093.0011211411511711511515075.0075.00122122122122122242243
Shareholder's Equity3.2%1,1841,1471,1261,0971,0631,0351,009991946930905901879875859848716699
  Retained Earnings16.4%23420118415812810280.0068.0056.0046.0055.0064.0056.0065.0062.0065.0069.0064.00
  Additional Paid-In Capital0.4%951947943939935932929924891884850837824810796782647635
Shares Outstanding0.3%74.0074.0074.0074.0074.0074.0074.0073.0072.0070.0072.0067.0067.0067.0072.0069.0066.0066.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations23.7%19115414013113114012911610182.0077.0077.0077.0062.0055.0052.0051.0061.0062.0094.0037.00
  Share Based Compensation7.7%16.0015.0014.0016.0020.0023.0054.0062.0067.0074.0054.0054.0053.0044.0036.0024.0014.0012.007.006.005.00
Cashflow From Investing-5.6%-105-99.57-94.99-45.73-161-160-160-161-36.36-33.49-49.97-49.25-46.09-80.82-59.91-57.65-56.14-19.43-17.71-16.16-16.33
Cashflow From Financing5.3%-28.12-29.691.003.00-30.52-38.6140.00-171-203--50.70-0.57---2.18-2.72-2.50-2.5011.00--

AMK Income Statement

2023-06-30
Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:    
Total revenue$ 183,232$ 151,207$ 359,794$ 299,510
Operating expenses:    
Asset-based expenses39,34440,26676,77881,953
Spread-based expenses8,00364114,5601,046
Employee compensation48,09939,97395,01080,263
General and operating expenses24,35422,22350,04344,282
Professional fees8,3725,49413,76511,227
Depreciation and amortization8,6847,71117,11215,180
Total operating expenses136,856116,308267,268233,951
Interest expense2,1371,4884,4842,647
Other expense (income), net(288)7819,577206
Income before income taxes44,52733,33368,46562,706
Provision for income taxes11,6507,99318,36615,147
Net income32,87725,34050,09947,559
Net comprehensive income$ 32,877$ 25,340$ 50,099$ 47,559
Net income per share attributable to common stockholders:    
Basic (in dollars per share)$ 0.44$ 0.34$ 0.68$ 0.65
Diluted (in dollars per share)$ 0.44$ 0.34$ 0.67$ 0.65
Weighted average number of common shares outstanding, basic (shares)73,986,32673,631,58873,938,51073,601,852
Weighted average number of common shares outstanding, diluted (shares)74,505,15873,692,27874,325,58073,651,172
Asset-based revenue    
Revenue:    
Total revenue$ 137,336$ 139,249$ 268,375$ 281,325
Spread-based revenue    
Revenue:    
Total revenue37,2717,15075,5349,105
Subscription-based revenue    
Revenue:    
Total revenue3,6933,2597,2376,577
Other revenue    
Revenue:    
Total revenue$ 4,932$ 1,549$ 8,648$ 2,503

AMK Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 172,818$ 123,274
Restricted cash14,00013,000
Investments, at fair value16,39513,714
Fees and other receivables, net20,48220,082
Income tax receivable, net0265
Prepaid expenses and other current assets16,53216,870
Total current assets240,227187,205
Property, plant and equipment, net7,6358,495
Capitalized software, net100,33589,959
Other intangible assets, net689,388694,627
Operating lease right-of-use assets21,28922,002
Goodwill487,292487,225
Other assets17,67113,417
Total assets1,563,8371,502,930
Current liabilities:  
Accounts payable1,7634,624
Accrued liabilities and other current liabilities78,63869,196
Income tax payable, net13,7970
Total current liabilities94,19873,820
Long-term debt, net93,496112,138
Other long-term liabilities17,11015,185
Long-term portion of operating lease liabilities27,09727,924
Deferred income tax liabilities, net147,497147,497
Total long-term liabilities285,200302,744
Total liabilities379,398376,564
Stockholders’ equity:  
Common stock, $0.001 par value (675,000,000 shares authorized and 74,172,080 and 73,847,596 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively)7474
Additional paid-in capital950,920942,946
Retained earnings233,602183,503
Accumulated other comprehensive loss(157)(157)
Total stockholders’ equity1,184,4391,126,366
Total liabilities and stockholders’ equity$ 1,563,837$ 1,502,930
Natalie G. Wolfsen
870
AssetMark Financial Holdings, Inc. provides wealth management and technology solutions 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 to the financial adviser channel. The company provides integrated technology platform for advisers for accessing a range of automated processes, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress to goal analysis, and client activity tracking; advisory services; and curated investment platform. It also offers SaaS-based financial planning, wellness, and client digital engagement solutions. The company also offers mutual funds; custodial recordkeeping services primarily to investor clients of registered investment advisers; and wealth management services for individual investors. It serves independent advisers who provide wealth management advice to the U.S. investors and advisers. The company was founded in 1996 and is headquartered in Concord, California. AssetMark Financial Holdings, Inc. is a subsidiary of Huatai International Investment Holdings Limited.