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

IntegraFin Holdings plc (LON:IHP)’s stock price was down 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).

Analyst Ratings Changes

A number of brokerages have recently weighed in on IHP. Deutsche Bank Aktiengesellschaft boosted their target price on IntegraFin from GBX 335 ($4.21) to GBX 400 ($5.03) and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Berenberg Bank restated a “buy” rating and set a GBX 400 ($5.03) price target on shares of IntegraFin in a research report on Tuesday, October 15th. Finally, Shore Capital restated a “hold” rating on shares of IntegraFin in a report on Tuesday, October 15th.

IntegraFin Stock Performance

The business’s fifty day moving average price is GBX 379.39 and its 200-day moving average price is GBX 369.16. The stock has a market capitalization of £1.13 billion, a PE ratio of 2,190.63, a P/E/G 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 company also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be issued a GBX 7.20 ($0.09) dividend. This represents a yield of 1.85%. This is an increase from IntegraFin’s previous dividend of $3.20. The ex-dividend date of this dividend is Thursday, January 2nd. IntegraFin’s dividend payout ratio (DPR) is presently 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.