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

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 were traded 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).

Analyst Ratings Changes

Several analysts have 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 company a “hold” rating in a report on Tuesday, September 10th. Shore Capital reaffirmed a “hold” rating on shares of IntegraFin in a report on Tuesday, October 15th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 400 ($5.03) price objective on shares of IntegraFin in a report on Tuesday, October 15th.

IntegraFin Price Performance

The company’s 50 day moving average price is GBX 379.39 and its 200-day moving average price is GBX 369.16. The company has a market capitalization of £1.13 billion, a PE ratio of 2,190.63, a PEG ratio of 3.14 and a beta of 1.15. The company has a current ratio of 8.80, a quick ratio of 0.01 and a debt-to-equity ratio of 1.73.

IntegraFin Increases Dividend

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