Schroder Investment Management Group Buys 706,122 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Schroder Investment Management Group lifted its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 460.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 859,444 shares of the company's stock after buying an additional 706,122 shares during the period. Schroder Investment Management Group owned about 0.08% of Full Truck Alliance worth $9,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in YMM. SBI Securities Co. Ltd. purchased a new position in Full Truck Alliance during the fourth quarter worth $64,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance in the 4th quarter worth about $143,000. Savant Capital LLC purchased a new position in shares of Full Truck Alliance during the 4th quarter worth about $194,000. Wilmington Savings Fund Society FSB bought a new position in Full Truck Alliance during the 3rd quarter valued at about $207,000. Finally, EverSource Wealth Advisors LLC raised its position in Full Truck Alliance by 2,104.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock worth $229,000 after purchasing an additional 20,186 shares during the period. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

NYSE YMM traded up $0.09 on Wednesday, reaching $10.45. 17,580,987 shares of the stock traded hands, compared to its average volume of 9,085,304. Full Truck Alliance Co. Ltd. has a 12 month low of $6.66 and a 12 month high of $13.85. The company has a fifty day moving average price of $12.31 and a 200-day moving average price of $10.83. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 24.87 and a beta of 0.19.

Full Truck Alliance Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, April 7th will be paid a $0.1444 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is a positive change from Full Truck Alliance's previous annual dividend of $0.14. This represents a yield of 0.9%. Full Truck Alliance's dividend payout ratio is 39.02%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised Full Truck Alliance from a "neutral" rating to an "overweight" rating and upped their target price for the company from $13.00 to $18.00 in a research note on Thursday, March 6th. Barclays upped their price objective on Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. HSBC assumed coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price on the stock. Citigroup boosted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $16.40.

Full Truck Alliance Company Profile

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.