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

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

Tatton Asset Management Trading Up 13.0%

Shares of TAM stock opened at GBX 680 on Tuesday. The company’s 50-day moving average price is GBX 606.52 and its 200-day moving average price is GBX 632.17. 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 stock has a market cap of £414.90 million, a price-to-earnings ratio of 24.81, a PEG ratio of 1.91 and a beta of 0.73. Tatton Asset Management has a twelve month low of GBX 524.41 and a twelve month high of GBX 770.

Insider Buying and Selling at Tatton Asset Management

In other news, insider Paul Hogarth purchased 73,200 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of GBX 625 per share, with a total value of £457,500. Insiders own 18.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 875 target price on shares of Tatton Asset Management in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tatton Asset Management has a consensus rating of “Buy” and an average price target of GBX 797.50.

Get 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.

Read More

Receive News & Ratings for Tatton Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tatton Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.