Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in Futu Holdings Limited Sponsored ADR $FUTU

Sumitomo Mitsui Trust Group Inc. cut its position in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 3.2% during the first quarter, Holdings Channel reports. The firm owned 286,794 shares of the company’s stock after selling 9,446 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Futu were worth $39,222,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of FUTU. V Square Quantitative Management LLC purchased a new stake in Futu in the first quarter valued at approximately $25,000. Geneos Wealth Management Inc. purchased a new position in Futu during the 1st quarter worth approximately $27,000. Rockefeller Capital Management L.P. lifted its stake in Futu by 59.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 226 shares of the company’s stock valued at $37,000 after acquiring an additional 84 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Futu during the 4th quarter valued at approximately $49,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Futu by 30,000.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 301 shares of the company’s stock valued at $49,000 after acquiring an additional 300 shares during the last quarter.

Futu Stock Performance

NASDAQ FUTU opened at $96.33 on Monday. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.13 and a beta of 0.39. Futu Holdings Limited Sponsored ADR has a twelve month low of $80.50 and a twelve month high of $202.53. The stock has a 50-day moving average of $109.45 and a 200 day moving average of $139.78.

Futu (NASDAQ:FUTU) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $761.35 million. Futu had a net margin of 41.87% and a return on equity of 26.48%. Equities analysts predict that Futu Holdings Limited Sponsored ADR will post 8.95 EPS for the current fiscal year.

Futu News Summary

Here are the key news stories impacting Futu this week:

• Negative Sentiment: Multiple law firms, including Frank R. Cruz, Schall, Faruqi & Faruqi, The Gross Law Firm, Pomerantz, Rosen, ClaimsFiler, SueWallSt, and KSF, issued fresh notices or reminders about a pending class action against Futu, keeping the litigation risk front and center for shareholders. Article Title
• Negative Sentiment: The lawsuit alleges violations of U.S. securities laws and cites a class period from May 24, 2023 through May 27, 2026, with an August 25, 2026 lead-plaintiff deadline, suggesting the legal process could remain a drag on the stock in the near term. Article Title
• Negative Sentiment: One legal notice specifically highlighted alleged regulatory compliance failures and referenced an approximately 32% stock decline, reinforcing concerns that the litigation may be tied to prior operational or disclosure issues. Article Title
• Neutral Sentiment: Short-interest data was updated, but the report showed 0 shares of short interest, offering little new fundamental insight for investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FUTU shares. Wall Street Zen lowered shares of Futu from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Jefferies Financial Group restated a “buy” rating and set a $170.50 target price on shares of Futu in a research report on Thursday, May 28th. Zacks Research lowered shares of Futu from a “hold” rating to a “strong sell” rating in a report on Monday, June 8th. The Goldman Sachs Group downgraded Futu from a “buy” rating to a “neutral” rating and set a $102.13 price target on the stock. in a research report on Monday, May 25th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price objective (down from $300.00) on shares of Futu in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Futu Company 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.