Futu Holdings Limited (NASDAQ:FUTU) Declares $2.00 — Dividend

Futu Holdings Limited (NASDAQ:FUTU) announced a — dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders of record on Friday, December 6th will be given a dividend of 2.00 per share on Friday, January 10th. The ex-dividend date of this dividend is Friday, December 6th.

Futu Price Performance

FUTU stock traded up $2.57 during midday trading on Wednesday, reaching $86.33. The company had a trading volume of 2,056,533 shares, compared to its average volume of 2,359,262. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75. The stock has a 50 day moving average price of $93.90 and a 200-day moving average price of $75.91. Futu has a 1-year low of $43.61 and a 1-year high of $130.50.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FUTU. Bank of America boosted their price target on Futu from $80.20 to $90.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Morgan Stanley upgraded Futu from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Finally, Citigroup cut Futu from a “buy” rating to a “neutral” rating and lifted their target price for the company from $79.00 to $95.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Futu has a consensus rating of “Moderate Buy” and an average target price of $87.33.

Futu Company Profile

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.