Tatton Asset Management (LON:TAM – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 22.25 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Tatton Asset Management had a net margin of 34.61% and a return on equity of 33.94%. The company had revenue of GBX 3,207 million for the quarter.
Tatton Asset Management Trading Down 0.6%
Shares of TAM stock traded down GBX 4 during trading hours on Tuesday, reaching GBX 668. The company’s stock had a trading volume of 78,163 shares, compared to its average volume of 167,902. The company has a current ratio of 3.36, a quick ratio of 3.50 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of £405.74 million, a P/E ratio of 22.10, a P/E/G ratio of 1.91 and a beta of 0.72. The firm’s fifty day simple moving average is GBX 665.22 and its 200 day simple moving average is GBX 655.85. Tatton Asset Management has a one year low of GBX 524.40 and a one year high of GBX 817.83.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 820 price objective on shares of Tatton Asset Management in a research report on Thursday, October 15th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Tatton Asset Management presently has an average rating of “Buy” and a consensus price target of GBX 805.
Insiders Place Their Bets
In other news, insider Paul Edwards sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of GBX 665, for a total value of £133,000. 18.93% of the stock is currently owned by insiders.
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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