AssetMark Financial (NYSE:AMK) Now Covered by Analysts at Goldman Sachs Group

Goldman Sachs Group initiated coverage on shares of AssetMark Financial (NYSE:AMK) in a report released on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $31.00 target price on the stock.

Separately, JPMorgan Chase & Co. initiated coverage on shares of AssetMark Financial in a research note on Monday. They issued a neutral rating and a $29.00 price objective for the company.

Shares of NYSE AMK opened at $23.31 on Monday. AssetMark Financial has a 52 week low of $22.87 and a 52 week high of $28.61.

In related news, major shareholder Securities Co. Ltd. Huatai sold 8,125,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $20.57, for a total value of $167,131,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About AssetMark Financial

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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