Tatton Asset Management (LON:TAM) Shares Up 15.3% – What’s Next?

Tatton Asset Management plc (LON:TAM) shares shot up 15.3% during trading on Tuesday . The stock traded as high as GBX 700 and last traded at GBX 694. Approximately 1,458,220 shares changed hands during mid-day trading, an increase of 590% from the average daily volume of 211,186 shares. The stock had previously closed at GBX 602.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 875 target price 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 an average rating of “Buy” and a consensus price target of GBX 797.50.

Tatton Asset Management Trading Up 0.9%

The company’s fifty day moving average is GBX 611.40 and its 200-day moving average is GBX 632.16. The company has a market capitalization of £427.10 million, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.91 and a beta of 0.73. The company has a debt-to-equity ratio of 2.16, a current ratio of 190.95 and a quick ratio of 3.50.

Tatton Asset Management (LON:TAM) last posted its earnings results on Tuesday, June 16th. The company reported GBX 36.06 earnings per share (EPS) for the quarter. Tatton Asset Management had a return on equity of 31.92% and a net margin of 34.46%.The company had revenue of GBX 5,444 million for the quarter. On average, analysts anticipate that Tatton Asset Management plc will post 26.0903733 EPS for the current fiscal year.

Insider Activity

In related news, insider Pippa Hamnett bought 601 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of GBX 656 per share, with a total value of £3,942.56. Also, insider Paul Hogarth acquired 73,200 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of GBX 625 per share, for a total transaction of £457,500. Corporate insiders own 18.84% 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.