Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) saw unusually-strong trading volume on Monday . 60,548 shares were traded during trading, an increase of 29% from the previous session’s volume of 47,068 shares.The stock last traded at $13.8750 and had previously closed at $14.42.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on YB. Wall Street Zen cut Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.80.
Check Out Our Latest Stock Analysis on Yuanbao
Yuanbao Price Performance
Yuanbao Dividend Announcement
The company also recently declared an annual dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Thursday, July 2nd will be issued a $1.26 dividend. This represents a yield of 839.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Yuanbao’s dividend payout ratio (DPR) is presently 30.43%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new stake in shares of Yuanbao in the third quarter worth $59,613,000. Franchise GP Ltd purchased a new position in Yuanbao during the fourth quarter worth about $1,351,000. Barclays PLC increased its stake in Yuanbao by 68.7% in the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after acquiring an additional 17,105 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Yuanbao by 53.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after acquiring an additional 11,607 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Yuanbao in the 2nd quarter valued at about $370,000.
Yuanbao Company Profile
Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.
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