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AssetMark Financial Holdings, Inc. (AMK)

NYSE - NYSE Delayed Price. Currency in USD
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24.52+0.44 (+1.83%)
At close: 4:00PM EST
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Neutralpattern detected
Previous Close24.08
Open24.37
Bid0.00 x 800
Ask0.00 x 1300
Day's Range24.03 - 25.50
52 Week Range13.94 - 34.02
Volume78,772
Avg. Volume114,856
Market Cap1.776B
Beta (5Y Monthly)N/A
PE Ratio (TTM)171.47
EPS (TTM)0.14
Earnings DateNov 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est28.00
  • AssetMark Financial Holdings, Inc. (AMK) Upgraded to Buy: Here's What You Should Know
    Zacks

    AssetMark Financial Holdings, Inc. (AMK) Upgraded to Buy: Here's What You Should Know

    AssetMark Financial Holdings, Inc. (AMK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

  • December AMK Report
    GlobeNewswire

    December AMK Report

    CONCORD, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. In addition, the company also disclosed its AMK Report – Annual Summary, which can be found by clicking here.Company highlights for the month of December 2020 include: * Platform assets of $74.5 billion at the end of December, up 20.9% year-over-year. * Net flows were $636 million in the month of December, up from negative $194 million in December 2019. * AssetMark Trust Company client cash was $2.62 billion, up 39.4% year-over-year. * Number of households increased 15.0% year-over-year to 186,602 at the end of December.                                Change                Mo.Yr.   Dec-19Jan-20Feb-20Mar-20Apr-20May-20Jun-20Jul-20Aug-20Sep-20Oct-20Nov-20Dec-20    PLATFORM METRICS                 Platform Assets (in $B)61.661.861.756.059.862.063.265.668.067.366.571.874.53.8%20.9%  Net Flows (in $M)(194)47270365941413735731954134939650163626.9%NM  CASH METRIC                 Ending ATC Client Cash (in $B)1.881.751.812.993.042.842.962.602.632.662.472.502.624.8%39.4%  OTHER                 Number of Households162,225163,644175,026176,681177,975178,284179,166181,115181,977182,683183,774184,935186,6020.9%15.0%                                      This monthly data is being provided on a supplemental basis and should not be taken as a substitute for the Company’s financial statements filed with the Securities and Exchange Commission as part of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. This monthly data is preliminary and subject to revision and should not be taken as an indication of the financial performance of AssetMark for the quarter ending December 31, 2020 or any future period. AssetMark undertakes no obligation to publicly update or review previously reported monthly data. Any updates to previously reported monthly data will be reflected in the historical data that can be found on the Investor Relations page of the Company’s corporate website at ir.assetmark.com. AssetMark reserves the right to discontinue the availability of the data in this monthly report. By filing this press release, AssetMark makes no admission as to the materiality of any information contained herein.Forward-Looking StatementsThis press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings we make with the Securities and Exchange Commission. AssetMark undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.About AssetMark Financial Holdings, Inc. AssetMark is a leading provider of extensive wealth management and technology solutions that power independent financial advisors and their clients. Through AssetMark, Inc., its investment adviser subsidiary registered with the U.S. Securities and Exchange Commission, AssetMark operates a platform that comprises fully integrated technology, personalized and scalable service, and curated investment platform solutions designed to make a difference in the lives of advisors and their clients.SOURCE: AssetMark Financial Holdings, Inc.Contacts Investors: Taylor J. Hamilton, CFA Head of Investor Relations InvestorRelations@assetmark.comMedia:  Chris Blake MSR Communications chris@msrcommunications.com

  • AssetMark Closes $250 Million Revolving Credit Facility, Retires Existing Term Loan
    GlobeNewswire

    AssetMark Closes $250 Million Revolving Credit Facility, Retires Existing Term Loan

    CONCORD, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) announced today that it has entered into a new Credit Agreement with six banks, including Bank of Montreal serving as administrative agent. The Credit Agreement provides for a $250 million secured revolving Credit Facility. Concurrently, AssetMark will draw down $75 million on the new Credit Facility and use those funds plus cash to retire its $124 million existing term loan, which had a rate of LIBOR plus 3.00%.The new Credit Facility has a four-year maturity. Interest will be based on LIBOR plus an applicable margin, with the applicable margin being tied to the Company’s total leverage ratio. At the initial funding levels, the interest rate will be LIBOR plus 2.00%.“We are very excited about this opportunity to both significantly increase our access to capital and reduce our on-going borrowing costs,” said Gary Zyla, EVP, Chief Financial Officer. “With this added financial flexibility, we plan to continue the strategic growth of our business, both through acquisitions, as well as investments in our operations to further drive organic growth.”  Under the Credit Agreement, BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., U.S. Bank National Association and Wells Fargo Securities, LLC acted as joint lead arrangers and joint bookrunners.Zyla added, “We are extremely grateful to our on-going bank partners and look forward to the opportunities ahead of us in 2021.”About AssetMark Financial Holdings, Inc. AssetMark is a leading provider of extensive wealth management and technology solutions that help financial advisors meet the ever-changing needs of their clients and businesses. Through AssetMark, Inc., its investment adviser subsidiary registered with the U.S. Securities and Exchange Commission, AssetMark operates a platform that brings together fully integrated technology, personalized and scalable service, and curated investment solutions to support financial advisors and their businesses. For more than 20 years, AssetMark has focused on offering the solutions and services that help financial advisors grow. AssetMark had $67 billion in platform assets as of September 30, 2020. For more information visit assetmark.com.SOURCE: AssetMark Financial Holdings, Inc.Contacts Investors: Taylor J. Hamilton, CFA Head of Investor Relations InvestorRelations@assetmark.comMedia:  Chris Blake MSR Communications chris@msrcommunications.com