Tatton Asset Management (LON:TAM) Releases Quarterly Earnings Results

Tatton Asset Management (LON:TAM) released its quarterly earnings results on Tuesday. The company reported GBX 22.25 EPS for the quarter, Digital Look Earnings reports. Tatton Asset Management had a return on equity of 33.94% and a net margin of 34.61%. The business had revenue of GBX 3,207 million during the quarter.

Tatton Asset Management Stock Up 0.1%

Tatton Asset Management stock traded up GBX 0.90 during mid-day trading on Tuesday, reaching GBX 672.90. The stock had a trading volume of 77,757 shares, compared to its average volume of 167,900. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.36 and a quick ratio of 3.50. The company has a market capitalization of £408.71 million, a price-to-earnings ratio of 22.27, a PEG ratio of 1.91 and a beta of 0.72. Tatton Asset Management has a one year low of GBX 524.40 and a one year high of GBX 817.83. The company has a 50-day moving average price of GBX 665.22 and a two-hundred day moving average price of GBX 655.85.

Insider Transactions at Tatton Asset Management

In other Tatton Asset Management news, insider Paul Edwards sold 20,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of GBX 665, for a total transaction of £133,000. Company insiders own 18.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 820 target price on shares of Tatton Asset Management in a research note on Thursday, October 15th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 805.

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.