Futu Holdings Limited Sponsored ADR $FUTU Stock Position Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 25,558,100.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 511,164 shares of the company’s stock after purchasing an additional 511,162 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Futu were worth $83,938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FUTU. CoreCap Advisors LLC grew its position in Futu by 2.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,455 shares of the company’s stock worth $403,000 after acquiring an additional 68 shares in the last quarter. Diversify Wealth Management LLC grew its position in Futu by 0.9% in the third quarter. Diversify Wealth Management LLC now owns 8,962 shares of the company’s stock worth $1,559,000 after acquiring an additional 83 shares in the last quarter. Personal CFO Solutions LLC grew its position in Futu by 5.1% in the fourth quarter. Personal CFO Solutions LLC now owns 1,713 shares of the company’s stock worth $281,000 after acquiring an additional 83 shares in the last quarter. Spire Wealth Management grew its position in Futu by 15.4% in the fourth quarter. Spire Wealth Management now owns 750 shares of the company’s stock worth $123,000 after acquiring an additional 100 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Futu by 53.2% in the fourth quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock worth $54,000 after acquiring an additional 115 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group set a $205.00 target price on shares of Futu in a research report on Monday, May 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Futu in a research report on Thursday, January 22nd. Barclays decreased their target price on shares of Futu from $236.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Finally, Zacks Research downgraded shares of Futu from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $209.17.

Futu Stock Performance

Shares of FUTU stock opened at $134.64 on Monday. Futu Holdings Limited Sponsored ADR has a 52-week low of $100.50 and a 52-week high of $202.53. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.94 and a beta of 0.52. The firm has a fifty day moving average of $148.33 and a 200-day moving average of $160.65.

Futu (NASDAQ:FUTU) 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, sell-side analysts predict that Futu Holdings Limited Sponsored ADR will post 11.78 earnings per share for the current year.

Futu Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Thursday, April 16th were issued a dividend of $2.60 per share. The ex-dividend date of this dividend was Thursday, April 16th. Futu’s dividend payout ratio is currently 24.81%.

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.