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

Futu Holdings Limited (NASDAQ:FUTU) declared a — dividend on Wednesday, November 27th,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 is Friday, December 6th.

Futu Price Performance

Shares of FUTU traded up $2.57 during mid-day trading on Wednesday, hitting $86.33. 2,056,533 shares of the company’s stock were exchanged, compared to its average volume of 2,359,262. The company has a market cap of $11.90 billion, a PE ratio of 20.53, a P/E/G ratio of 0.86 and a beta of 0.75. Futu has a 52 week low of $43.61 and a 52 week high of $130.50. The company has a 50-day simple moving average of $93.90 and a 200 day simple moving average of $75.91.

Wall Street Analysts Forecast Growth

FUTU has been the subject of several analyst reports. Citigroup cut shares of Futu from a “buy” rating to a “neutral” rating and raised their target price for the company from $79.00 to $95.00 in a research note on Tuesday, November 19th. Bank of America raised their target price on shares of Futu from $80.20 to $90.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $70.00 to $115.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Futu has an average rating of “Moderate Buy” and an average price target of $87.33.

About Futu

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.