AssetMark Financial Holdings Inc Reports Strong Growth in Platform Assets and Net Income for Q4 2023 [Yahoo! Finance]
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: Yahoo! Finance
Adjusted EBITDA : Increased by 20.6% to $63.8 million, representing 40.3% of total revenue. Revenue : Total revenue was $158.2 million, with a slight decrease of 3.5% year-over-year. Advisors and Households : Over 9,300 advisors and 254,000 investor households served, with 154 new producing advisors added. Adjusted Net Income : Improved by 28.3% to $44.0 million, or $0.59 per share. Warning! GuruFocus has detected 5 Warning Signs with CAKE. On February 21, 2024, AssetMark Financial Holdings Inc ( NYSE:AMK ) released its fourth-quarter financial results, showcasing a robust increase in platform assets and net income. The company's 8-K filing revealed significant year-over-year growth, with platform assets reaching $108.9 billion, a 19.1% increase. Net income for the quarter also saw a substantial rise to $34.6 million, or $0.47 per share, compared to the previous year. AssetMark Financial Holdings Inc is a leading provider of wealth management and technology solutions for
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AMK
News
- INVESTIGATION: The M&A Class Action Firm Announces An Investigation of AssetMark Financial Holdings, Inc. - AMKPR Newswire
- AssetMark Financial Holdings, Inc. (NYSE: AMK) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $37.00 price target on the stock.MarketBeat
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the FirmAccesswire
- Shareholder Alert: Ademi LLP investigates whether AssetMark Financial Holdings, Inc. has obtained a Fair Price in its transaction with GTCRPR Newswire
- AssetMark Financial Holdings, Inc. (NYSE: AMK) was downgraded by analysts at William Blair from an "outperform" rating to a "market perform" rating.MarketBeat
AMK
Earnings
- 2/21/24 - Beat
AMK
Sec Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- AMK's page on the SEC website