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

Shares of IntegraFin Holdings plc (LON:IHP) fell 12.7% during trading on Wednesday . The company traded as low as GBX 338 ($4.25) and last traded at GBX 340.50 ($4.28). 1,859,043 shares changed 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 Analysts Forecast Growth

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

IntegraFin Trading Down 12.7 %

The business’s 50 day moving average price is GBX 379.39 and its two-hundred day moving average price is GBX 369.16. The company has a market capitalization of £1.13 billion, a price-to-earnings ratio of 2,190.63, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.01 and a current ratio of 8.80.

IntegraFin Increases Dividend

The business also recently declared 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 is a positive change from IntegraFin’s previous dividend of $3.20. This represents a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, January 2nd. IntegraFin’s dividend payout ratio is currently 6,250.00%.

IntegraFin Company Profile

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.