Tatton Asset Management (LON:TAM – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 36.06 EPS for the quarter, Digital Look Earnings reports. The company 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
Shares of TAM opened at GBX 694 on Thursday. The company has a quick ratio of 3.50, a current ratio of 190.95 and a debt-to-equity ratio of 2.16. The business has a 50-day simple moving average of GBX 611.40 and a two-hundred day simple moving average of GBX 632.16. The stock has a market cap of £423.44 million, a price-to-earnings ratio of 25.32, a PEG ratio of 1.91 and a beta of 0.73. Tatton Asset Management has a 52 week low of GBX 524.41 and a 52 week high of GBX 770.
Analyst Ratings Changes
Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 875 price objective 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, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 797.50.
Insider Activity
In related news, insider Paul Hogarth sold 66,753 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 626, for a total transaction of £417,873.78. Also, insider Pippa Hamnett bought 601 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of GBX 656 per share, with a total value of £3,942.56. Company 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.
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