Bank of New York Mellon Corp Trims Holdings in Stellantis N.V. (NYSE:STLA)

Bank of New York Mellon Corp trimmed its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,372,257 shares of the company's stock after selling 304,222 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.31% of Stellantis worth $105,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of STLA. Mpwm Advisory Solutions LLC bought a new position in Stellantis during the 4th quarter worth approximately $29,000. GAMMA Investing LLC grew its position in Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after acquiring an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC grew its position in Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after acquiring an additional 1,167 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Stellantis during the 4th quarter worth approximately $47,000. Finally, WealthCollab LLC grew its position in Stellantis by 96.5% during the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after acquiring an additional 2,256 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STLA has been the topic of several recent research reports. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and raised their price target for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $16.50 to $11.75 in a research report on Monday. Finally, Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.74.

Stellantis Trading Down 3.0%

NYSE STLA traded down $0.31 during trading on Friday, hitting $10.06. The company had a trading volume of 27,161,239 shares, compared to its average volume of 12,857,541. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. Stellantis N.V. has a one year low of $8.39 and a one year high of $21.05. The company has a market cap of $30.41 billion, a price-to-earnings ratio of 2.95, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44. The company's fifty day moving average is $10.07 and its 200-day moving average is $11.31.

Stellantis Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd.

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.