Swiss Life Asset Management Ltd Sells 4,095 Shares of Futu Holdings Limited Sponsored ADR $FUTU

Swiss Life Asset Management Ltd lowered its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,225 shares of the company’s stock after selling 4,095 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Futu were worth $2,664,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Plato Investment Management Ltd increased its stake in shares of Futu by 4.9% in the 4th quarter. Plato Investment Management Ltd now owns 5,765 shares of the company’s stock valued at $951,000 after acquiring an additional 269 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Futu by 22.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,690 shares of the company’s stock valued at $442,000 after acquiring an additional 485 shares in the last quarter. Diversify Wealth Management LLC increased its stake in shares of Futu by 5.6% in the 4th quarter. Diversify Wealth Management LLC now owns 9,466 shares of the company’s stock valued at $1,554,000 after acquiring an additional 504 shares in the last quarter. ASR Vermogensbeheer N.V. increased its stake in shares of Futu by 40.1% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 6,027 shares of the company’s stock valued at $990,000 after acquiring an additional 1,725 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Futu by 6.6% in the 4th quarter. Swedbank AB now owns 68,000 shares of the company’s stock valued at $11,166,000 after acquiring an additional 4,200 shares in the last quarter.

Futu Trading Down 0.9%

Shares of FUTU stock opened at $141.51 on Friday. The firm has a market capitalization of $19.84 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.52. The firm has a fifty day simple moving average of $148.56 and a two-hundred day simple moving average of $160.98. Futu Holdings Limited Sponsored ADR has a 12 month low of $100.50 and a 12 month high of $202.53.

Futu (NASDAQ:FUTU) last posted its earnings results 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 firm had revenue of $771.00 million during the quarter. On average, equities analysts predict that Futu Holdings Limited Sponsored ADR will post 11.78 earnings per share for the current fiscal year.

Futu Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, April 29th. Stockholders of record on Thursday, April 16th were paid a $2.60 dividend. The ex-dividend date was Thursday, April 16th. Futu’s dividend payout ratio is presently 24.81%.

Analyst Upgrades and Downgrades

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

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.