UK's Tatton Asset Management H1 AUM boosted by investment gains, but net inflows miss guidance

By Reuters News


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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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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