Aberdeen Group plc raised its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU - Free Report) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,219 shares of the company's stock after buying an additional 8,044 shares during the period. Aberdeen Group plc's holdings in Futu were worth $8,246,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of FUTU. Geneos Wealth Management Inc. acquired a new stake in shares of Futu during the 1st quarter valued at $27,000. Cooper Investors PTY Ltd. acquired a new stake in shares of Futu during the 3rd quarter valued at $29,000. TD Private Client Wealth LLC boosted its stake in shares of Futu by 6,075.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 247 shares of the company's stock valued at $43,000 after buying an additional 243 shares during the period. Quarry LP acquired a new stake in shares of Futu during the 3rd quarter valued at $51,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Futu during the 4th quarter valued at $61,000.
Wall Street Analysts Forecast Growth
FUTU has been the subject of a number of recent research reports. Barclays decreased their price objective 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. Weiss Ratings reiterated a "hold (c+)" rating on shares of Futu in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group upgraded shares of Futu from a "neutral" rating to a "buy" rating and set a $213.39 price objective for the company in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $210.57.
Get Our Latest Report on Futu
Futu Price Performance
Futu stock opened at $157.14 on Thursday. The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 0.80 and a beta of 0.42. Futu Holdings Limited Sponsored ADR has a fifty-two week low of $70.60 and a fifty-two week high of $202.53. The firm has a fifty day moving average price of $147.31 and a two-hundred day moving average price of $163.33.
Futu (NASDAQ:FUTU - Get Free Report) last released its earnings results on Sunday, February 15th. The company reported $3.07 earnings per share for the quarter. The firm had revenue of $771.00 million during the quarter. Futu had a net margin of 49.63% and a return on equity of 32.24%. As a group, sell-side analysts expect that Futu Holdings Limited Sponsored ADR will post 4.94 earnings per share for the current year.
Futu Dividend Announcement
The company also recently announced a special dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th will be given a dividend of $2.60 per share. The ex-dividend date of this dividend is Thursday, April 16th.
Futu Company Profile
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Free Report)
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.
Further Reading
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