Northern Trust Corp Has $1.52 Million Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Northern Trust Corp lessened its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 26.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,490 shares of the company's stock after selling 49,900 shares during the period. Northern Trust Corp's holdings in Full Truck Alliance were worth $1,520,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. IMC Chicago LLC bought a new stake in Full Truck Alliance during the 4th quarter worth about $263,000. Barclays PLC bought a new stake in Full Truck Alliance during the 3rd quarter worth about $3,566,000. Truist Financial Corp bought a new stake in Full Truck Alliance during the 4th quarter worth about $143,000. Savant Capital LLC bought a new stake in Full Truck Alliance during the 4th quarter worth about $194,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Full Truck Alliance during the 4th quarter worth about $647,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Down 4.2%

Shares of NYSE YMM traded down $0.51 during midday trading on Friday, reaching $11.65. The company's stock had a trading volume of 7,856,707 shares, compared to its average volume of 8,945,772. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 27.74 and a beta of 0.20. The stock has a 50 day simple moving average of $11.50 and a 200-day simple moving average of $11.45.

Full Truck Alliance Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, April 7th were issued a $0.1444 dividend. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Full Truck Alliance's previous annual dividend of $0.14. This represents a dividend yield of 0.9%. Full Truck Alliance's dividend payout ratio (DPR) is 32.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on YMM. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research note on Thursday, March 6th. HSBC began coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective on the stock. Citigroup cut their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Finally, Barclays lifted their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Full Truck Alliance has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

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.