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

Futu Holdings Limited (NASDAQ:FUTU) announced a — dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Friday, December 6th will be paid a dividend of 2.00 per share on Friday, January 10th. The ex-dividend date of this dividend is Friday, December 6th.

Futu Stock Performance

NASDAQ FUTU traded up $2.90 on Wednesday, hitting $88.22. The stock had a trading volume of 1,834,481 shares, compared to its average volume of 2,347,972. The firm has a 50-day moving average of $95.86 and a 200-day moving average of $76.30. Futu has a 52-week low of $43.61 and a 52-week high of $130.50. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley upgraded Futu from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $115.00 in a research report on Monday, November 18th. Bank of America raised their price target on Futu from $80.20 to $90.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Citigroup lowered Futu from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Futu presently has a consensus rating of “Moderate Buy” and a consensus price target 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.