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

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

Wall Street Analysts Forecast Growth

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

Tatton Asset Management Trading Up 1.2%

The stock has a market capitalization of £407.57 million, a P/E ratio of 24.37, a P/E/G ratio of 1.91 and a beta of 1.03. The firm’s 50 day simple moving average is GBX 675.97 and its two-hundred day simple moving average is GBX 703.79. The company has a quick ratio of 3.50, a current ratio of 3.71 and a debt-to-equity ratio of 1.52.

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

Insider Activity at Tatton Asset Management

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