Stellantis (NYSE:STLA) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its holdings in Stellantis (NYSE:STLA - Free Report) by 32.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 374,768 shares of the company's stock after acquiring an additional 92,676 shares during the period. Integrated Wealth Concepts LLC's holdings in Stellantis were worth $4,891,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Stellantis by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after purchasing an additional 2,102,528 shares in the last quarter. Norges Bank acquired a new stake in Stellantis in the 4th quarter valued at $609,076,000. Marshall Wace LLP increased its holdings in Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after purchasing an additional 17,376,176 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Stellantis by 24.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock valued at $185,626,000 after purchasing an additional 2,839,709 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock valued at $159,495,000 after purchasing an additional 3,121,462 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Stellantis Stock Performance

Shares of NYSE STLA traded up $0.22 during trading on Thursday, reaching $9.50. The stock had a trading volume of 4,192,704 shares, compared to its average volume of 10,841,419. Stellantis has a one year low of $8.39 and a one year high of $23.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market cap of $28.70 billion, a PE ratio of 2.78 and a beta of 1.44. The firm's 50 day moving average price is $11.05 and its two-hundred day moving average price is $12.47.

Stellantis Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be given a dividend of $0.5032 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio is currently 20.82%.

Stellantis Company 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.