Tatton Asset Management (LON:TAM) Trading 15.3% Higher – Here’s Why

Tatton Asset Management plc (LON:TAM) shares were up 15.3% during mid-day trading on Tuesday . The company traded as high as GBX 700 and last traded at GBX 694. Approximately 1,458,220 shares traded hands during mid-day trading, an increase of 590% from the average daily volume of 211,186 shares. The stock had previously closed at GBX 602.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 875 target price on shares of Tatton Asset Management in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tatton Asset Management currently has a consensus rating of “Buy” and a consensus price target of GBX 797.50.

Tatton Asset Management Stock Up 15.3%

The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.50 and a current ratio of 190.95. The firm has a market capitalization of £423.44 million, a P/E ratio of 25.32, a P/E/G ratio of 1.91 and a beta of 0.73. The stock has a fifty day moving average price of GBX 606.52 and a two-hundred day moving average price of GBX 632.17.

Tatton Asset Management (LON:TAM) last issued its quarterly earnings results on Tuesday, June 16th. The company reported GBX 36.06 earnings per share for the quarter. Tatton Asset Management had a return on equity of 31.92% and a net margin of 34.46%.The business had revenue of GBX 5,444 million during the quarter. Research analysts forecast that Tatton Asset Management plc will post 26.0903733 EPS for the current year.

Insider Buying and Selling at Tatton Asset Management

In related news, insider Paul Hogarth sold 66,753 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 626, for a total value of £417,873.78. Insiders own 18.84% of the company’s stock.

About Tatton Asset Management

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.