UK's Tatton Asset Management H1 AUM boosted by investment gains, but net inflows miss guidance
Overview
UK investment manager's H1 FY27 AUM/I grew 15.5% to £28.0bln
Net inflows for H1 FY27 were below company's guidance due to increased consolidation activity
Mortgage completions rose to £10.0bln despite challenging economic conditions
Outlook
Tatton Asset Management reiterates H2 FY27 net inflows guidance of £200 mln to £250 mln per month
Company says full-year expectations remain unchanged
Tatton Asset Management expects to reach £30 bln AUM/I target ahead of FY29
Result Drivers
INVESTMENT PERFORMANCE - Co said positive investment performance contributed £2.415bln to AUM growth
CONSOLIDATION ACTIVITY - Co said increased consolidation activity in Q2 reduced net inflows below guidance
NEW IFA SUPPORT - Co said growth in adviser support helped drive business expansion
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Assets Under Management | GBP 27.97 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Tatton Asset Management PLC is GBp825.00, about 20.6% above its October 13 closing price of GBp684.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)