Futu Holdings Limited Sponsored ADR $FUTU Stake Boosted by National Pension Service

National Pension Service increased its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 151.3% during the fourth quarter, HoldingsChannel reports. The firm owned 8,181 shares of the company’s stock after acquiring an additional 4,925 shares during the period. National Pension Service’s holdings in Futu were worth $1,343,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its stake in Futu by 936.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 51,620 shares of the company’s stock worth $8,977,000 after purchasing an additional 46,639 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Futu in the 3rd quarter worth about $3,439,000. Veritas Asset Management LLP increased its stake in Futu by 40.9% in the 3rd quarter. Veritas Asset Management LLP now owns 420,857 shares of the company’s stock worth $73,191,000 after purchasing an additional 122,207 shares in the last quarter. Capital International Inc. CA purchased a new position in Futu during the 3rd quarter valued at about $39,369,000. Finally, Candriam S.C.A. grew its stake in Futu by 165.1% during the 3rd quarter. Candriam S.C.A. now owns 185,747 shares of the company’s stock valued at $32,303,000 after acquiring an additional 115,690 shares in the last quarter.

Futu Stock Performance

Shares of FUTU stock opened at $102.85 on Tuesday. The stock’s fifty day moving average is $140.57 and its 200-day moving average is $154.55. The stock has a market capitalization of $14.42 billion, a PE ratio of 11.31, a PEG ratio of 0.80 and a beta of 0.52. Futu Holdings Limited Sponsored ADR has a 52 week low of $80.50 and a 52 week high of $202.53.

Futu (NASDAQ:FUTU) last announced its earnings results on Thursday, May 28th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $2.89 by ($2.12). The business had revenue of $694.17 million for the quarter, compared to the consensus estimate of $761.35 million. Futu had a return on equity of 26.48% and a net margin of 41.87%. As a group, analysts forecast that Futu Holdings Limited Sponsored ADR will post 10.68 earnings per share for the current fiscal year.

Futu Dividend Announcement

The company also recently declared 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 dividend payout ratio is 28.05%.

Analyst Ratings Changes

Several research firms have weighed in on FUTU. The Goldman Sachs Group cut Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price on the stock. in a research note on Monday, May 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.50 target price on shares of Futu in a research note on Thursday. Wall Street Zen cut Futu from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays lowered their target price on Futu from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price target (down from $300.00) on shares of Futu in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Futu Profile

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.