IntegraFin (LON:IHP) Trading Down 12.7% – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IHP. Shore Capital reissued a “hold” rating on shares of IntegraFin in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of IntegraFin from GBX 335 ($4.21) to GBX 400 ($5.03) and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 400 ($5.03) price target on shares of IntegraFin in a report on Tuesday, October 15th.

IntegraFin Stock Performance

The company has a current ratio of 8.80, a quick ratio of 0.01 and a debt-to-equity ratio of 1.73. The company has a market cap of £1.16 billion, a P/E ratio of 2,181.25, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. The company’s fifty day moving average is GBX 379.09 and its 200 day moving average is 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 issued a GBX 7.20 ($0.09) dividend. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 1.85%. This is an increase from IntegraFin’s previous dividend of $3.20. IntegraFin’s payout ratio is currently 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.