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

IntegraFin Holdings plc (LON:IHP) was down 12.7% 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).

Analyst Upgrades and Downgrades

IHP has been the topic of several research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 400 ($5.03) price objective on shares of IntegraFin in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of IntegraFin from GBX 335 ($4.21) to GBX 400 ($5.03) and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Shore Capital reaffirmed a “hold” rating on shares of IntegraFin in a research report on Tuesday, October 15th.

IntegraFin Stock Performance

The company’s 50 day simple moving average is GBX 379.09 and its 200 day simple moving average is GBX 369.15. The stock 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 debt-to-equity ratio of 1.73, a quick ratio of 0.01 and a current ratio of 8.80.

IntegraFin Increases Dividend

The company 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 boost from IntegraFin’s previous dividend of $3.20. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 1.85%. IntegraFin’s payout ratio 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.