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

Shares of IntegraFin Holdings plc (LON:IHP) fell 12.7% 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 traded 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 research firms have recently commented on IHP. Berenberg Bank restated a “buy” rating and set a GBX 400 ($5.03) price target on shares of IntegraFin in a research note on Tuesday, October 15th. Shore Capital restated a “hold” rating on shares of IntegraFin in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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.

IntegraFin Price Performance

The company has a market cap of £1.16 billion, a price-to-earnings ratio of 2,181.25, a PEG ratio of 3.14 and a beta of 1.15. The company has a 50-day simple moving average of GBX 379.09 and a 200-day simple moving average of GBX 369.15. 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 firm also recently disclosed 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 represents a yield of 1.85%. The ex-dividend date is Thursday, January 2nd. This is a positive change from IntegraFin’s previous dividend of $3.20. 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.