Stellantis (NYSE:STLA) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 31.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 451,321 shares of the company's stock after selling 204,772 shares during the quarter. Ameriprise Financial Inc.'s holdings in Stellantis were worth $5,890,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC increased its stake in shares of Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after acquiring an additional 1,149 shares during the period. Spire Wealth Management lifted its position in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after purchasing an additional 1,211 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Stellantis by 10.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock valued at $212,000 after purchasing an additional 1,481 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Caprock Group LLC grew its position in Stellantis by 6.9% during the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company's stock worth $317,000 after purchasing an additional 1,558 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on STLA shares. TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective for the company. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating for the company. Twelve equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Stellantis has a consensus rating of "Hold" and an average price target of $16.49.

Stellantis Price Performance

NYSE STLA traded up $0.59 on Tuesday, hitting $10.48. The company had a trading volume of 12,367,956 shares, compared to its average volume of 11,253,369. Stellantis has a 12-month low of $8.39 and a 12-month high of $22.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The company's fifty day moving average price is $10.13 and its 200-day moving average price is $12.04. The company has a market capitalization of $31.68 billion, a PE ratio of 3.07 and a beta of 1.45.

Stellantis Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio (DPR) is currently 20.82%.

Stellantis Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.