Insider Buying: Tatton Asset Management (LON:TAM) Insider Buys 73,200 Shares of Stock

Tatton Asset Management plc (LON:TAM) insider Paul Hogarth bought 73,200 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of GBX 625 per share, with a total value of £457,500.

Paul Hogarth also recently made the following trade(s):

• On Friday, May 8th, Paul Hogarth sold 66,753 shares of Tatton Asset Management stock. The shares were sold at an average price of GBX 626, for a total transaction of £417,873.78.
• On Thursday, February 12th, Paul Hogarth sold 100,000 shares of Tatton Asset Management stock. The shares were sold at an average price of GBX 700, for a total transaction of £700,000.

Tatton Asset Management Trading Down 1.6%

Shares of LON TAM traded down GBX 10 during midday trading on Friday, reaching GBX 618. The stock had a trading volume of 36,642 shares, compared to its average volume of 176,764. The firm has a market cap of £377.07 million, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72. Tatton Asset Management plc has a twelve month low of GBX 524.41 and a twelve month high of GBX 770. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.50 and a current ratio of 190.95. The company’s 50 day moving average price is GBX 594.75 and its 200 day moving average price is GBX 657.21.

Analysts Set New Price Targets

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

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.