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UK's Tatton Asset Management H1 profit rises on higher AUM, net inflows

By Reuters News


Overview

  • UK investment management group's H1 revenue rose 24.8% yr/yr to £32.1 mln

  • Adjusted operating profit for H1 up 33.3% yr/yr, margin improved to 54.5%

  • AUM/I3 grew 15.5% over period, driven by investment performance and net inflows


Outlook

  • Tatton maintains growth target of £30bln AUM/I before end of FY 2029

  • Company expects full-year results to be in line with market expectations

  • Tatton says near-term outlook affected by geopolitical uncertainty and market volatility


Result Drivers

  • AUM AND NET INFLOWS - Co said growth in assets under management and influence, supported by net investment performance of £2.4 bln and organic net inflows of £1.0 bln, drove revenue and profit gains

  • ADVISER BASE EXPANSION - Co attributed growth to an increase in the number of adviser firms partnering with Tatton and more client accounts

  • INVESTMENT PERFORMANCE - Consistent investment performance cited as a key factor supporting inflows and adviser confidence


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

GBP 32.07 mln

H1 Adjusted EBIT

GBP 17.48 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 GBp820.00, about 22% above its November 9 closing price of GBp672.00

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago


Reuters Recommended Reads

  • Nov 9 - UK's Kainos Group H1 revenue rises 37% on public sector contracts

  • Nov 9 - Karniol-Tambour to leave Bridgewater to lead Canada's sovereign fund

  • Nov 9 - KKR's Q3 profit rises on higher fee income, monetization


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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