M&T Bank Corp Takes $203,000 Position in Futu Holdings Limited (NASDAQ:FUTU)

M&T Bank Corp acquired a new position in shares of Futu Holdings Limited (NASDAQ:FUTU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,120 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Futu by 181.5% during the third quarter. GAMMA Investing LLC now owns 594 shares of the company’s stock valued at $57,000 after purchasing an additional 383 shares during the last quarter. CWM LLC lifted its holdings in shares of Futu by 67.7% in the 3rd quarter. CWM LLC now owns 743 shares of the company’s stock worth $71,000 after purchasing an additional 300 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Futu during the 2nd quarter valued at approximately $50,000. Venturi Wealth Management LLC bought a new position in Futu during the 3rd quarter worth $92,000. Finally, SG Americas Securities LLC acquired a new stake in Futu in the second quarter worth $123,000.

Futu Trading Up 0.5 %

Shares of NASDAQ:FUTU opened at $83.64 on Friday. Futu Holdings Limited has a twelve month low of $43.61 and a twelve month high of $130.50. The firm has a market cap of $11.53 billion, a P/E ratio of 20.50, a P/E/G ratio of 0.88 and a beta of 0.72. The company has a 50 day moving average of $91.18 and a 200-day moving average of $77.16.

Futu Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, December 6th.

Analyst Ratings Changes

Several equities analysts have recently commented on FUTU shares. Bank of America upped their price target on shares of Futu from $80.20 to $90.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Morgan Stanley raised Futu from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $115.00 in a report on Monday, November 18th. Finally, Citigroup lowered Futu from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.33.

Futu Profile

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.