AssetMark Financial (NYSE:AMK) Reaches New 12-Month Low at $24.19
AssetMark Financial Holdings (NYSE:AMK) shares reached a new 52-week low on Wednesday . The company traded as low as $24.19 and last traded at $24.38, with a volume of 802 shares traded. The stock had previously closed at $24.75.
Several equities analysts have recently commented on AMK shares. Raymond James started coverage on shares of AssetMark Financial in a report on Monday. They issued an “outperform” rating and a $31.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of AssetMark Financial in a report on Monday. They issued a “neutral” rating and a $29.00 target price on the stock. William Blair started coverage on shares of AssetMark Financial in a report on Monday. They issued a “market perform” rating on the stock. Finally, Goldman Sachs Group started coverage on shares of AssetMark Financial in a report on Monday. They issued a “buy” rating and a $31.00 target price on the stock.
In related news, major shareholder Securities Co. Ltd. Huatai sold 8,125,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $20.57, for a total transaction of $167,131,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
AssetMark Financial Holdings, Inc provides wealth management and technology solutions in the United States. The company 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.
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