Tatton Asset Management (LON:TAM) Stock Price Up 1.2% – Here’s Why

Tatton Asset Management plc (LON:TAM) shares shot up 1.2% during mid-day trading on Friday . The company traded as high as GBX 670 and last traded at GBX 668. 36,717 shares were traded during trading, a decline of 65% from the average session volume of 104,325 shares. The stock had previously closed at GBX 660.

Analyst Ratings Changes

Separately, Peel Hunt reiterated an “add” rating and issued a GBX 720 target price on shares of Tatton Asset Management in a report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 720.

Tatton Asset Management Trading Up 1.2%

The company has a quick ratio of 3.50, a current ratio of 3.71 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average of GBX 675.97 and a 200 day moving average of GBX 703.79. The firm has a market cap of £407.57 million, a PE ratio of 24.37, a P/E/G ratio of 1.91 and a beta of 1.03.

Tatton Asset Management (LON:TAM) last released its earnings results on Tuesday, November 18th. The company reported GBX 16.77 earnings per share (EPS) for the quarter. Tatton Asset Management had a return on equity of 31.98% and a net margin of 36.32%. Equities analysts anticipate that Tatton Asset Management plc will post 26.0903733 earnings per share for the current year.

Insider Transactions at Tatton Asset Management

In other Tatton Asset Management news, insider Pippa Hamnett bought 732 shares of the business’s stock in a transaction on Friday, November 28th. The stock was purchased at an average price of GBX 694 per share, for a total transaction of £5,080.08. Also, insider Lothar Mentel sold 9,049 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of GBX 683, for a total transaction of £61,804.67. Insiders own 19.10% of the company’s stock.

Tatton Asset Management Company Profile

Tatton Asset Management plc was founded by entrepreneur and current Chief Executive Officer, Paul Hogarth who had previously co-founded and developed the then largest IFA support services business in the UK, Bankhall. Paul’s vision in starting Tatton Asset Management was to create a range of services to power the UK’s leading financial advisers, facilitating expansion and enabling them to better service their clients. Tatton Asset Management offers on-platform only discretionary fund management, regulatory, compliance and business consulting services, as well as a whole of market mortgage provision, to Directly Authorised financial advisers across the UK.