Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU – Get Free Report)’s share price hit a new 52-week low on Friday . The company traded as low as $80.50 and last traded at $90.3990, with a volume of 24789333 shares changing hands. The stock had previously closed at $123.86.
Wall Street Analysts Forecast Growth
FUTU has been the subject of a number of research reports. Barclays reduced their price target on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Zacks Research downgraded shares of Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group set a $205.00 price target on shares of Futu in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price target on shares of Futu in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Futu has an average rating of “Moderate Buy” and a consensus price target of $178.67.
Check Out Our Latest Stock Analysis on FUTU
Futu Stock Performance
Futu (NASDAQ:FUTU – Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The company reported $3.07 earnings per share (EPS) for the quarter. Futu had a net margin of 49.63% and a return on equity of 32.24%. The company had revenue of $771.00 million during the quarter. On average, equities research analysts expect that Futu Holdings Limited Sponsored ADR will post 11.78 earnings per share for the current fiscal year.
Futu Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were paid a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s dividend payout ratio is currently 24.81%.
Hedge Funds Weigh In On Futu
A number of hedge funds have recently made changes to their positions in FUTU. V Square Quantitative Management LLC acquired a new stake in shares of Futu during the 1st quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Futu during the 1st quarter worth about $27,000. Rockefeller Capital Management L.P. increased its position in shares of Futu by 59.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock worth $37,000 after purchasing an additional 84 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Futu during the 4th quarter worth about $49,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Futu by 30,000.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 301 shares of the company’s stock worth $49,000 after purchasing an additional 300 shares in the last quarter.
Futu Company Profile
Futu Holdings Ltd. is a technology-driven brokerage and wealth management company that provides online brokerage services, market data, and investment tools to retail and institutional clients. Headquartered in Hong Kong and listed on the NASDAQ under the ticker FUTU, the company operates digital trading platforms that combine order execution, real-time quotes, news, and research tools to serve active investors and wealth management customers.
The firm’s product suite includes brokerage access to equities, exchange-traded funds and derivatives across major markets, margin financing, initial public offering (IPO) subscription services, wealth management products and discretionary investment solutions.
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