Tatton Asset Management (LON:TAM) Announces Earnings Results

Tatton Asset Management (LON:TAM) announced its earnings results on Tuesday. The company reported GBX 22.25 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 3,207 million for the quarter. Tatton Asset Management had a net margin of 34.61% and a return on equity of 33.94%.

Tatton Asset Management Stock Performance

LON TAM opened at GBX 654.70 on Wednesday. The business’s 50-day moving average price is GBX 664.82 and its 200 day moving average price is GBX 655.89. The company has a current ratio of 3.36, a quick ratio of 3.50 and a debt-to-equity ratio of 1.15. Tatton Asset Management has a twelve month low of GBX 524.40 and a twelve month high of GBX 817.83. The company has a market capitalization of £397.66 million, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72.

Insider Buying and Selling

In other Tatton Asset Management news, insider Paul Edwards sold 20,000 shares of Tatton Asset Management stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 665, for a total value of £133,000. 18.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on Tatton Asset Management from GBX 820 to GBX 840 and gave the company a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 811.67.

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.