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

IntegraFin Holdings plc (LON:IHP)’s share price was down 12.7% during mid-day trading on Wednesday . The company traded as low as GBX 338 ($4.25) and last traded at GBX 340.50 ($4.28). 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 ($4.90).

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 400 ($5.03) target price on shares of IntegraFin in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on 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. Finally, Shore Capital restated a “hold” rating on shares of IntegraFin in a report on Tuesday, October 15th.

IntegraFin Stock Performance

The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.01 and a current ratio of 8.80. The stock has a market cap of £1.16 billion, a PE ratio of 2,181.25, a P/E/G ratio of 3.14 and a beta of 1.15. The business’s fifty day moving average price is GBX 379.09 and its 200-day moving average price is GBX 369.15.

IntegraFin Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be issued a dividend of GBX 7.20 ($0.09) per share. This is a boost from IntegraFin’s previous dividend of $3.20. This represents a 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.