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

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

Futu Price Performance

FUTU stock opened at $88.22 on Wednesday. The company has a 50 day simple moving average of $95.86 and a 200 day simple moving average of $76.30. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 0.87 and a beta of 0.72. Futu has a 1 year low of $43.61 and a 1 year high of $130.50.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America upped their price target on shares of Futu from $80.20 to $90.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Citigroup lowered shares of Futu from a “buy” rating to a “neutral” rating and upped their price objective for the company from $79.00 to $95.00 in a research note on Tuesday, November 19th. Finally, Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and upped their price objective 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.