Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 37.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,804,467 shares of the company’s stock after buying an additional 1,042,081 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.36% of Full Truck Alliance worth $41,164,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Full Truck Alliance in the fourth quarter valued at $64,000. Townsquare Capital LLC purchased a new position in Full Truck Alliance in the fourth quarter valued at $111,000. Truist Financial Corp purchased a new position in Full Truck Alliance in the fourth quarter valued at $143,000. Savant Capital LLC purchased a new position in Full Truck Alliance in the fourth quarter valued at $194,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company’s stock valued at $221,000 after buying an additional 3,442 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Down 1.6%

NYSE YMM opened at $11.49 on Monday. Full Truck Alliance Co. Ltd. has a 52-week low of $6.66 and a 52-week high of $13.85. The business’s 50-day moving average price is $11.82 and its 200 day moving average price is $11.12. The firm has a market cap of $12.02 billion, a P/E ratio of 27.36 and a beta of 0.20.

Full Truck Alliance Increases Dividend

The business also recently declared an annual dividend, which was paid on Thursday, April 17th. Investors of record on Monday, April 7th were issued a dividend of $0.1444 per share. The ex-dividend date was Monday, April 7th. This represents a dividend yield of 0.9%. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. Full Truck Alliance’s dividend payout ratio (DPR) is currently 39.02%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on YMM shares. Barclays increased their target price on Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered Full Truck Alliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $10.00 in a report on Monday, April 14th. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. Finally, HSBC started coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective on the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.80.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.