IntegraFin (LON:IHP) Stock Price Down 12.7% – Here’s What Happened

Shares of IntegraFin Holdings plc (LON:IHP) traded down 12.7% during mid-day trading on Wednesday . The stock traded as low as GBX 338 ($4.25) and last traded at GBX 340.50 ($4.28). 1,859,043 shares traded hands during mid-day trading, an increase of 318% from the average session volume of 444,495 shares. The stock had previously closed at GBX 390 ($4.90).

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on IntegraFin from GBX 335 ($4.21) to GBX 400 ($5.03) and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 400 ($5.03) price objective on shares of IntegraFin in a research note on Tuesday, October 15th. Finally, Shore Capital restated a “hold” rating on shares of IntegraFin in a report on Tuesday, October 15th.

IntegraFin Stock Performance

The stock has a market capitalization of £1.16 billion, a PE ratio of 2,181.25, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. The company has a quick ratio of 0.01, a current ratio of 8.80 and a debt-to-equity ratio of 1.73. The stock has a fifty day moving average of GBX 379.09 and a 200-day moving average of GBX 369.15.

IntegraFin Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be paid a GBX 7.20 ($0.09) dividend. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, January 2nd. This is a boost from IntegraFin’s previous dividend of $3.20. IntegraFin’s dividend payout ratio (DPR) is presently 6,250.00%.

About IntegraFin

IntegraFin Holdings plc, together with its subsidiaries, provides an investment platform for UK financial advisers and their clients. It operates through Investment administration services, Insurance and life assurance business, and Adviser back-office technology segments. The company operates Transact, a wrap platform that enable advisers to consolidate their clients investments using tax efficient wrappers and provide range of investment choice; and Time4Advice (T4A), an adviser practice management solution.