BNP Paribas Financial Markets increased its holdings in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU – Free Report) by 28.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 348,465 shares of the company’s stock after purchasing an additional 76,670 shares during the quarter. BNP Paribas Financial Markets’ holdings in Futu were worth $57,221,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of FUTU. CoreCap Advisors LLC grew its holdings in shares of Futu by 2.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock worth $403,000 after buying an additional 68 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Futu by 0.9% during the 3rd quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock valued at $1,559,000 after acquiring an additional 83 shares during the period. Personal CFO Solutions LLC lifted its position in shares of Futu by 5.1% during the 4th quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock valued at $281,000 after acquiring an additional 83 shares during the period. Spire Wealth Management lifted its position in shares of Futu by 15.4% during the 4th quarter. Spire Wealth Management now owns 750 shares of the company’s stock valued at $123,000 after acquiring an additional 100 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Futu by 53.2% during the 4th quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock worth $54,000 after purchasing an additional 115 shares during the last quarter.
Futu Stock Down 0.9%
Shares of NASDAQ FUTU opened at $101.97 on Wednesday. Futu Holdings Limited Sponsored ADR has a 52-week low of $80.50 and a 52-week high of $202.53. The firm has a fifty day moving average of $140.57 and a 200-day moving average of $154.55. The stock has a market capitalization of $14.29 billion, a PE ratio of 11.22, a P/E/G ratio of 1.01 and a beta of 0.40.
Futu Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were paid a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s payout ratio is currently 28.05%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. The Goldman Sachs Group downgraded Futu from a “buy” rating to a “neutral” rating and set a $102.13 price objective for the company. in a research report on Monday, May 25th. Zacks Research downgraded Futu from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 price objective (down from $300.00) on shares of Futu in a research report on Friday, May 22nd. Wall Street Zen downgraded Futu from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Barclays cut their price objective on Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Futu currently has an average rating of “Moderate Buy” and an average price target of $162.80.
Read Our Latest Stock Report on FUTU
About Futu
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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