Tatton Asset Management (LON:TAM) Announces Earnings Results

Tatton Asset Management (LON:TAMGet Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 36.06 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 5,444 million during the quarter. Tatton Asset Management had a return on equity of 31.92% and a net margin of 34.46%.

Tatton Asset Management Stock Performance

TAM stock opened at GBX 678.12 on Tuesday. The company has a current ratio of 190.95, a quick ratio of 3.50 and a debt-to-equity ratio of 2.16. The firm has a market cap of £413.75 million, a P/E ratio of 24.74, a P/E/G ratio of 1.91 and a beta of 0.73. Tatton Asset Management has a 12-month low of GBX 524.41 and a 12-month high of GBX 770. The stock’s 50 day simple moving average is GBX 606.52 and its 200 day simple moving average is GBX 632.17.

Insider Buying and Selling

In related news, insider Paul Hogarth acquired 73,200 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of GBX 625 per share, for a total transaction of £457,500. 18.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on TAM

Tatton Asset Management Company Profile

(Get Free Report)

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.

Further Reading

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