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AMK

AssetMark Financial

$25.97

0.025 (0.10%)

16:15
09/30/19
09/30
16:15
09/30/19
16:15

AssetMark Financial to acquire OBS Financial

AssetMark Financial Holdings announced that it has reached an agreement, through its subsidiary AssetMark Financial, with Canandaigua National Corporation to acquire OBS Financial, an established turnkey asset management platform delivering academically constructed, structured investment strategies to independent advisors, bank Trust officers and their clients, in an all-cash transaction. The transaction is expected to close in early 2020, subject to customary closing conditions.

AMK AssetMark Financial
$25.97

0.025 (0.10%)

08/12/19
GSCO
08/12/19
INITIATION
Target $31
GSCO
Buy
AssetMark Financial initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein initiated AssetMark Financial with a Buy rating and $31 price target, citing its increasing wallet share with existing financial advisors, increasing market share within the Independent Broker/Dealer channel, and the continued secular shift within Wealth Management toward fee-based independent advisors.
08/12/19
RAJA
08/12/19
INITIATION
Target $31
RAJA
Outperform
AssetMark Financial initiated with an Outperform at Raymond James
Raymond James analyst Patrick O'Shaughnessy initiated AssetMark Financial with an Outperform rating and $31 price target, saying he believes AssetMark's robust growth track record to date highlights both the company's ability to execute as well as the secular tailwinds from which it benefits. As a result, the analyst tells investors in a research note that he believes the company can sustain low double-digit net asset flows and, in the absence of a market selloff, double-digit revenue growth combined with EBITDA margin expansion.
08/12/19
WBLR
08/12/19
INITIATION
WBLR
Market Perform
AssetMark Financial initiated with a Market Perform at William Blair
William Blair analyst Chris Shutler started AssetMark Financial with a Market Perform rating due to valuation. The analyst likes the company but prefers to wait for a more opportune time to buy the stock.
08/12/19
08/12/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Mirum Pharmaceuticals (MIRM) initiated with an Outperform at Raymond James and Evercore ISI, as well as a Buy at Roth Capital, Citi, and Guggenheim. 2. Intra-Cellular (ITCI) initiated with a Buy at Jefferies. 3. Vicor Corporation (VICR) initiated with a Buy at Craig-Hallum. 4. AssetMark Financial (AMK) initiated with an Outperform at Raymond James, a Buy at Goldman Sachs, a Market Perform at William Blair, and a Neutral at JPMorgan. 5. DTE Energy (DTE) initiated with a Neutral at Mizuho. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

09:25
11/14/19
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09:25
11/14/19
09:25
General news
Fed VC Clarida said the economy is at or close to maximum employment and price stability »

Fed VC Clarida said the…

EPAC

Enerpac Tool

$24.81

-0.935 (-3.63%)

09:25
11/14/19
11/14
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09:25
Conference/Events
Enerpac Tool to host investor day »

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INSO

Inso Corporation

$0.00

(0.00%)

09:24
11/14/19
11/14
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Hot Stocks
Inso Corporation enters agreement with Turnagain Herb Company »

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MITT

AG Mortgage

$15.46

-0.045 (-0.29%)

, AGNC

AGNC Investment

$17.39

0.08 (0.46%)

09:24
11/14/19
11/14
09:24
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09:24
Conference/Events
JMP securities to hold a conference »

Financial Services…

MITT

AG Mortgage

$15.46

-0.045 (-0.29%)

AGNC

AGNC Investment

$17.39

0.08 (0.46%)

WMC

Western Asset Mortgage

$10.24

(0.00%)

SYF

Synchrony

$36.57

-0.315 (-0.85%)

PRA

ProAssurance

$38.71

-0.37 (-0.95%)

RC

Ready Capital

$15.84

-0.04 (-0.25%)

MVC

MVC Capital

$9.00

0.005 (0.06%)

MRCC

Monroe Capital

$10.97

(0.00%)

IVR

Invesco Mortgage

$16.11

-0.02 (-0.12%)

AJX

Great Ajax

$15.14

-0.185 (-1.21%)

GHL

Greenhill & Co.

$17.37

-0.76 (-4.19%)

HCI

HCI Group

$44.65

-0.16 (-0.36%)

HTGC

Hercules Capital

$14.02

0.03 (0.21%)

LASR

nLight

$17.14

0.03 (0.18%)

KKR

KKR

$29.38

-0.03 (-0.10%)

CHMI

Cherry Hill Mortgage

$14.55

0.12 (0.83%)

ARI

Apollo Commercial

$17.90

-0.11 (-0.61%)

TCPC

TCP Capital

$14.25

-0.1 (-0.70%)

XAN

Exantas Capital

$11.77

0.02 (0.17%)

FNHC

Federated National

$13.83

-0.18 (-1.28%)

HMN

Horace Mann

$44.16

-0.92 (-2.04%)

MC

Moelis

$33.99

-1.21 (-3.44%)

MRLN

Marlin Business

$20.32

-1 (-4.69%)

ONDK

On Deck Capital

$4.34

-0.1 (-2.25%)

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  • 02

    Dec

  • 09

    Dec

  • 17

    Dec

  • 18

    Dec

GLXZ

Galaxy Gaming

$0.00

(0.00%)

09:23
11/14/19
11/14
09:23
11/14/19
09:23
Earnings
Galaxy Gaming reports Q3 EPS 3c vs. 2c last year »

"We are pleased to…

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ACU

Acme United

$20.37

-0.43 (-2.07%)

09:22
11/14/19
11/14
09:22
11/14/19
09:22
Hot Stocks
Acme United board approves stock repurchase program up to 200,000 shares »

Acme United Corporation…

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AVAV

AeroVironment

$61.51

0.53 (0.87%)

09:22
11/14/19
11/14
09:22
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09:22
Hot Stocks
AeroVironment awarded $12M support contract from middle Eastern ally »

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  • 09

    Dec

09:20
11/14/19
11/14
09:20
11/14/19
09:20
Conference/Events
The Cato Institute to hold a conference »

37th Annual Monetary…

GEVO

Gevo

$2.46

-0.11 (-4.28%)

09:20
11/14/19
11/14
09:20
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09:20
Hot Stocks
Gevo enters into fuel sales agreement with Scandinavian Airline System »

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WFC

Wells Fargo

$53.27

-0.96 (-1.77%)

09:20
11/14/19
11/14
09:20
11/14/19
09:20
Hot Stocks
Wells Fargo general counsel Allen Parker to leave the company in March »

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  • 14

    Jan

09:20
11/14/19
11/14
09:20
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09:20
General news
Today's U.S. October PPI report beat estimates »

Today's U.S. October…

SAFM

Sanderson Farms

$159.66

-2.11 (-1.30%)

, PPC

Pilgrim's Pride

$31.94

-0.34 (-1.05%)

09:19
11/14/19
11/14
09:19
11/14/19
09:19
Periodicals
China customs lifts ban on U.S. poultry imports, Reuters reports »

China's customs…

SAFM

Sanderson Farms

$159.66

-2.11 (-1.30%)

PPC

Pilgrim's Pride

$31.94

-0.34 (-1.05%)

TSN

Tyson Foods

$88.84

-0.155 (-0.17%)

03/08/13
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  • 02

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DSX

Diana Shipping

$3.61

-0.02 (-0.55%)

09:19
11/14/19
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09:19
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09:19
Hot Stocks
Diana Shipping announces direct continuation of contract for m/v Medusa »

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  • 02

    Dec

AAPL

Apple

$264.52

2.63 (1.00%)

09:18
11/14/19
11/14
09:18
11/14/19
09:18
Periodicals
Apple considers bundled digital media subscription plan, Bloomberg reports »

Apple could launch a…

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
11/14/19
11/14
09:18
11/14/19
09:18
Options
Overnight activity included 313 trades in SPX and 2 trades in VIX »

313 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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IIVI

II-VI

$30.51

-1.975 (-6.08%)

09:18
11/14/19
11/14
09:18
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09:18
Recommendations
II-VI analyst commentary  »

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  • 09

    Dec

TER

Teradyne

$65.71

0.51 (0.78%)

09:17
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Hot Stocks
Teradyne completes acquisition of AutoGuide Mobile Robots »

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  • 09

    Dec

CSCO

Cisco

$48.44

0.06 (0.12%)

09:17
11/14/19
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09:17
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09:17
Hot Stocks
Cisco's Robbins says CEO confidence waning on trade, Brexit uncertainties »

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  • 09

    Dec

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    Feb

KSU

Kansas City Southern

$154.24

1.88 (1.23%)

09:17
11/14/19
11/14
09:17
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09:17
Hot Stocks
Kansas City Southern announces $550M accelerated share repurchase program »

Kansas City Southern…

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LVGO

Livongo Health

$26.76

1.1 (4.29%)

09:17
11/14/19
11/14
09:17
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09:17
Hot Stocks
Livongo Health says study demonstrates sustained blood pressure reduction »

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CSCO

Cisco

$48.44

0.06 (0.12%)

09:17
11/14/19
11/14
09:17
11/14/19
09:17
Hot Stocks
Cisco CEO says 'not modeling for any change in momentum' »

Chuck Robbins is speaking…

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  • 09

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    Feb

PFGC

Performance Food Group

$45.74

0.39 (0.86%)

, OMI

Owens & Minor

$6.56

-0.15 (-2.24%)

09:17
11/14/19
11/14
09:17
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09:17
Hot Stocks
Performance Food Group appoints Erika Davis CHRO, Don Bulmer CIO »

Performance Food Group…

PFGC

Performance Food Group

$45.74

0.39 (0.86%)

OMI

Owens & Minor

$6.56

-0.15 (-2.24%)

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NEWM

New Media

$6.69

-0.455 (-6.37%)

, GCI

Gannett

$9.84

-0.2 (-1.99%)

09:16
11/14/19
11/14
09:16
11/14/19
09:16
Conference/Events
Gannett to host special shareholder meeting »

Special Shareholder…

NEWM

New Media

$6.69

-0.455 (-6.37%)

GCI

Gannett

$9.84

-0.2 (-1.99%)

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  • 14

    Nov

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INST

Instructure

$50.46

2.48 (5.17%)

09:16
11/14/19
11/14
09:16
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09:16
Hot Stocks
Instructure announces review of strategic alternatives »

Instructure announced…

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  • 03

    Dec

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IMAC

IMAC

$2.03

-0.2 (-8.97%)

09:15
11/14/19
11/14
09:15
11/14/19
09:15
Earnings
IMAC reports Q3 EPS (19c) vs. (22c) last year »

Reports net revenue $4.4M…

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