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

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

Tatton Asset Management Price Performance

LON:TAM traded up GBX 0.90 during midday trading on Tuesday, hitting GBX 672.90. The company had a trading volume of 77,757 shares, compared to its average volume of 167,900. The stock’s fifty day moving average price is GBX 665.22 and its 200-day moving average price is GBX 655.85. Tatton Asset Management has a 52-week low of GBX 524.40 and a 52-week high of GBX 817.83. The company has a quick ratio of 3.50, a current ratio of 3.36 and a debt-to-equity ratio of 1.15. The company has a market capitalization of £408.71 million, a PE ratio of 22.27, a P/E/G ratio of 1.91 and a beta of 0.72.

Insiders Place Their Bets

In other Tatton Asset Management news, insider Paul Edwards sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of GBX 665, for a total transaction of £133,000. 18.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 820 price objective on shares of Tatton Asset Management in a research note on Thursday, October 15th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently 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.