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

Tatton Asset Management (LON:TAM) released its quarterly earnings results on Tuesday. The company reported GBX 36.06 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business 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 Up 12.6%

LON TAM opened at GBX 678.12 on Tuesday. The stock has a market cap of £413.75 million, a PE ratio of 24.74, a P/E/G ratio of 1.91 and a beta of 0.73. Tatton Asset Management has a fifty-two week low of GBX 524.41 and a fifty-two week high of GBX 770. The business has a 50 day moving average price of GBX 606.52 and a two-hundred day moving average price of GBX 632.17. The company has a quick ratio of 3.50, a current ratio of 190.95 and a debt-to-equity ratio of 2.16.

Wall Street Analysts Forecast Growth

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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 797.50.

Insiders Place Their Bets

In related news, insider Paul Hogarth purchased 73,200 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average price of GBX 625 per share, for a total transaction of £457,500. 18.84% of the stock is currently owned by corporate insiders.

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.