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

Shares of IntegraFin Holdings plc (LON:IHP) dropped 12.7% on Wednesday . The company traded as low as GBX 338 ($4.30) and last traded at GBX 340.50 ($4.33). Approximately 1,859,043 shares changed hands 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 ($4.96).

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of IntegraFin from GBX 335 ($4.26) to GBX 400 ($5.09) and gave the stock a “hold” rating in a report on Tuesday, September 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 400 ($5.09) price target 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 research report on Tuesday, October 15th.

IntegraFin Trading Down 12.7 %

The firm has a fifty day moving average price of GBX 379.39 and a 200-day moving average price of GBX 369.16. The company has a market capitalization of £1.13 billion, a P/E 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 current ratio of 8.80 and a quick ratio of 0.01.

IntegraFin Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be given a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date is Thursday, January 2nd. This represents a yield of 1.85%. This is a positive change from IntegraFin’s previous dividend of $3.20. IntegraFin’s dividend payout ratio is presently 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.