Market Summary
USD26.76+0.15
Delayedas of 20 Sep 2023, 01:40 pm0.56%
AMK Stock Price
AMK RSI Chart
AMK Valuation
AMK Price/Sales (Trailing)
AMK Profitability
AMK Fundamentals
AMK Revenue
AMK Earnings
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
AMK Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for AMK
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
Which funds bought or sold AMK recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
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
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Peers (Alternatives to AssetMark Financial Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMP | - | 15.0B | 4.46% | 25.33% | - | - | 9.38% | -23.22% |
BX | 82.1B | 7.0B | 16.61% | 23.29% | 65.86 | 11.8 | -60.78% | -68.72% |
KKR | 54.4B | 11.1B | 5.37% | 28.86% | 44.33 | 4.88 | 13.00% | 26.39% |
BEN | 13.1B | 7.8B | -0.11% | 7.03% | 15.96 | 1.68 | -8.39% | -52.46% |
| MID-CAP | ||||||||
AMG | 4.8B | 2.1B | 2.40% | 8.02% | 4.21 | 2.26 | -13.32% | 104.61% |
AMK | 2.0B | 678.6M | -5.00% | 33.05% | 18.66 | 2.91 | 16.44% | 46.62% |
IVZ | 7.8B | 5.8B | 0.26% | -8.33% | 11.43 | 1.29 | -13.83% | -40.28% |
HLI | 7.0B | 1.8B | 8.38% | 32.76% | 28.41 | 3.85 | 48.44% | -13.75% |
EVR | 5.5B | 2.5B | 8.31% | 58.63% | 16.04 | 2.21 | -24.58% | -51.56% |
JHG | 4.6B | 2.0B | 6.91% | 17.02% | 12.3 | 2.25 | -20.30% | -29.01% |
LAZ | 2.9B | 2.7B | -1.52% | -9.83% | 1.5K | 1.08 | -13.59% | -99.63% |
| SMALL-CAP | ||||||||
DHIL | 480.9M | 140.6M | -5.53% | -3.59% | 9.81 | 3.42 | -21.64% | -14.24% |
VALU | 461.6M | 39.5M | -4.73% | -27.05% | 25.55 | 11.63 | -2.01% | -17.48% |
SCU | 295.9M | 391.0M | 4.91% | 25.53% | -18.54 | 0.76 | -32.74% | -176.48% |
AssetMark Financial Holdings News
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) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 5.0% | 679 | 647 | 618 | 598 | 583 | 560 | 530 | 498 | 465 | 436 | 432 | 432 | 435 | 441 | 418 | 404 | 387 | 371 | 364 | 363 | 355 |
| Operating Expenses | 4.2% | 508 | 488 | 475 | 472 | 473 | 464 | 482 | 466 | 454 | 448 | 425 | 423 | 425 | 446 | 388 | - | - | - | 307 | - | - |
| S&GA Expenses | 2.3% | 96.00 | 94.00 | 90.00 | 86.00 | 83.00 | 78.00 | 73.00 | 66.00 | 64.00 | 61.00 | 62.00 | 65.00 | 65.00 | 65.00 | 58.00 | 54.00 | 50.00 | 47.00 | 45.00 | 44.00 | 42.00 |
| EBITDA | -100.0% | - | 171 | 174 | 157 | 143 | 131 | 86.00 | 69.00 | 46.00 | 22.00 | 41.00 | 41.00 | 41.00 | 52.00 | 58.00 | - | - | - | - | - | - |
| 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 Expenses | 8.4% | 8.00 | 8.00 | 7.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 6.00 | 6.00 | 7.00 | 10.00 | 12.00 | 14.00 | 16.00 | 16.00 | 2.00 | - | - |
| Earnings Before Taxes | 8.5% | 143 | 131 | 137 | 120 | 105 | 91.00 | 45.00 | 26.00 | 5.00 | -18.62 | 0.00 | 0.00 | 0.00 | 10.00 | 15.00 | 26.00 | 40.00 | 47.00 | 55.00 | 58.00 | 54.00 |
| 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 Income | 7.7% | 106 | 98.00 | 103 | 90.00 | 72.00 | 57.00 | 26.00 | 3.00 | -0.20 | -19.46 | -7.81 | -0.69 | -13.01 | -0.49 | -0.42 | 10.00 | 24.00 | 30.00 | 37.00 | 39.00 | 37.00 |
| 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% | - | 151 | 137 | 128 | 129 | 138 | 127 | 115 | 98.00 | 80.00 | 74.00 | 74.00 | 75.00 | 59.00 | 53.00 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2018Q4 |
| Assets | 3.7% | 1,564 | 1,508 | 1,503 | 1,467 | 1,434 | 1,403 | 1,383 | 1,361 | 1,334 | 1,235 | 1,224 | 1,261 | 1,237 | 1,234 | 1,189 | 1,166 | 1,151 | 1,147 |
| Current Assets | 26.3% | 240 | 190 | 187 | 200 | 176 | 149 | 134 | 109 | 238 | 138 | 123 | 160 | 133 | 126 | 133 | 109 | 93.00 | 127 |
| Cash Equivalents | 40.0% | 173 | 123 | 123 | 137 | 117 | 99.00 | 77.00 | 50.00 | 180 | 76.00 | 71.00 | 109 | 94.00 | 80.00 | 96.00 | 83.00 | 65.00 | 105 |
| Net PPE | -5.0% | 8.00 | 8.00 | 8.00 | 7.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Goodwill | 0.0% | 487 | 487 | 487 | 437 | 437 | 437 | 448 | 441 | 109 | 339 | 339 | 339 | 339 | 339 | 327 | 325 | 325 | 298 |
| Liabilities | 5.2% | 379 | 361 | 377 | 370 | 370 | 368 | 374 | 370 | 388 | 306 | 319 | 360 | 358 | 359 | 330 | 318 | 436 | 448 |
| Current Liabilities | 25.7% | 94.00 | 75.00 | 74.00 | 54.00 | 53.00 | 49.00 | 59.00 | 49.00 | 40.00 | 34.00 | 46.00 | 39.00 | 35.00 | 35.00 | 42.00 | 39.00 | 36.00 | 49.00 |
| LT Debt, Non Current | 0.0% | 93.00 | 93.00 | 112 | 114 | 115 | 117 | 115 | 115 | 150 | 75.00 | 75.00 | 122 | 122 | 122 | 122 | 122 | 242 | 243 |
| Shareholder's Equity | 3.2% | 1,184 | 1,147 | 1,126 | 1,097 | 1,063 | 1,035 | 1,009 | 991 | 946 | 930 | 905 | 901 | 879 | 875 | 859 | 848 | 716 | 699 |
| Retained Earnings | 16.4% | 234 | 201 | 184 | 158 | 128 | 102 | 80.00 | 68.00 | 56.00 | 46.00 | 55.00 | 64.00 | 56.00 | 65.00 | 62.00 | 65.00 | 69.00 | 64.00 |
| Additional Paid-In Capital | 0.4% | 951 | 947 | 943 | 939 | 935 | 932 | 929 | 924 | 891 | 884 | 850 | 837 | 824 | 810 | 796 | 782 | 647 | 635 |
| Shares Outstanding | 0.3% | 74.00 | 74.00 | 74.00 | 74.00 | 74.00 | 74.00 | 74.00 | 73.00 | 72.00 | 70.00 | 72.00 | 67.00 | 67.00 | 67.00 | 72.00 | 69.00 | 66.00 | 66.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 23.7% | 191 | 154 | 140 | 131 | 131 | 140 | 129 | 116 | 101 | 82.00 | 77.00 | 77.00 | 77.00 | 62.00 | 55.00 | 52.00 | 51.00 | 61.00 | 62.00 | 94.00 | 37.00 |
| Share Based Compensation | 7.7% | 16.00 | 15.00 | 14.00 | 16.00 | 20.00 | 23.00 | 54.00 | 62.00 | 67.00 | 74.00 | 54.00 | 54.00 | 53.00 | 44.00 | 36.00 | 24.00 | 14.00 | 12.00 | 7.00 | 6.00 | 5.00 |
| 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 Financing | 5.3% | -28.12 | -29.69 | 1.00 | 3.00 | -30.52 | -38.61 | 40.00 | -171 | -203 | - | -50.70 | -0.57 | - | - | -2.18 | -2.72 | -2.50 | -2.50 | 11.00 | - | - |
AMK Income Statement
2023-06-30Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 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 expenses | 39,344 | 40,266 | 76,778 | 81,953 |
| Spread-based expenses | 8,003 | 641 | 14,560 | 1,046 |
| Employee compensation | 48,099 | 39,973 | 95,010 | 80,263 |
| General and operating expenses | 24,354 | 22,223 | 50,043 | 44,282 |
| Professional fees | 8,372 | 5,494 | 13,765 | 11,227 |
| Depreciation and amortization | 8,684 | 7,711 | 17,112 | 15,180 |
| Total operating expenses | 136,856 | 116,308 | 267,268 | 233,951 |
| Interest expense | 2,137 | 1,488 | 4,484 | 2,647 |
| Other expense (income), net | (288) | 78 | 19,577 | 206 |
| Income before income taxes | 44,527 | 33,333 | 68,465 | 62,706 |
| Provision for income taxes | 11,650 | 7,993 | 18,366 | 15,147 |
| Net income | 32,877 | 25,340 | 50,099 | 47,559 |
| 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) | 73,986,326 | 73,631,588 | 73,938,510 | 73,601,852 |
| Weighted average number of common shares outstanding, diluted (shares) | 74,505,158 | 73,692,278 | 74,325,580 | 73,651,172 |
| Asset-based revenue | ||||
| Revenue: | ||||
| Total revenue | $ 137,336 | $ 139,249 | $ 268,375 | $ 281,325 |
| Spread-based revenue | ||||
| Revenue: | ||||
| Total revenue | 37,271 | 7,150 | 75,534 | 9,105 |
| Subscription-based revenue | ||||
| Revenue: | ||||
| Total revenue | 3,693 | 3,259 | 7,237 | 6,577 |
| Other revenue | ||||
| Revenue: | ||||
| Total revenue | $ 4,932 | $ 1,549 | $ 8,648 | $ 2,503 |
AMK Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 172,818 | $ 123,274 |
| Restricted cash | 14,000 | 13,000 |
| Investments, at fair value | 16,395 | 13,714 |
| Fees and other receivables, net | 20,482 | 20,082 |
| Income tax receivable, net | 0 | 265 |
| Prepaid expenses and other current assets | 16,532 | 16,870 |
| Total current assets | 240,227 | 187,205 |
| Property, plant and equipment, net | 7,635 | 8,495 |
| Capitalized software, net | 100,335 | 89,959 |
| Other intangible assets, net | 689,388 | 694,627 |
| Operating lease right-of-use assets | 21,289 | 22,002 |
| Goodwill | 487,292 | 487,225 |
| Other assets | 17,671 | 13,417 |
| Total assets | 1,563,837 | 1,502,930 |
| Current liabilities: | ||
| Accounts payable | 1,763 | 4,624 |
| Accrued liabilities and other current liabilities | 78,638 | 69,196 |
| Income tax payable, net | 13,797 | 0 |
| Total current liabilities | 94,198 | 73,820 |
| Long-term debt, net | 93,496 | 112,138 |
| Other long-term liabilities | 17,110 | 15,185 |
| Long-term portion of operating lease liabilities | 27,097 | 27,924 |
| Deferred income tax liabilities, net | 147,497 | 147,497 |
| Total long-term liabilities | 285,200 | 302,744 |
| Total liabilities | 379,398 | 376,564 |
| 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) | 74 | 74 |
| Additional paid-in capital | 950,920 | 942,946 |
| Retained earnings | 233,602 | 183,503 |
| Accumulated other comprehensive loss | (157) | (157) |
| Total stockholders’ equity | 1,184,439 | 1,126,366 |
| Total liabilities and stockholders’ equity | $ 1,563,837 | $ 1,502,930 |
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.