Tatton Asset Management (LON:TAM) Announces Earnings Results

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

Tatton Asset Management Stock Up 1.7%

TAM stock opened at GBX 665.98 on Thursday. The stock’s 50 day simple moving average is GBX 664.18 and its 200 day simple moving average is GBX 655.86. The company has a market cap of £404.51 million, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.50 and a current ratio of 3.36. Tatton Asset Management has a fifty-two week low of GBX 524.40 and a fifty-two week high of GBX 817.83.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Tatton Asset Management news, insider Paul Edwards sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of GBX 665, for a total value of £133,000. Company insiders own 18.93% of the company’s stock.

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.