Russell Investments Group Ltd. raised its stake in Stellantis (NYSE:STLA - Free Report) by 178.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,624,010 shares of the company's stock after purchasing an additional 1,041,451 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Stellantis worth $37,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of STLA. Cary Street Partners Investment Advisory LLC acquired a new stake in Stellantis in the 3rd quarter valued at about $26,000. Bruce G. Allen Investments LLC purchased a new position in shares of Stellantis in the 4th quarter valued at about $40,000. Solstein Capital LLC purchased a new position in shares of Stellantis in the 4th quarter valued at about $50,000. IFP Advisors Inc increased its holdings in shares of Stellantis by 20.6% in the 3rd quarter. IFP Advisors Inc now owns 3,495 shares of the company's stock valued at $67,000 after acquiring an additional 598 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of Stellantis by 23.0% in the 3rd quarter. Smithfield Trust Co now owns 3,589 shares of the company's stock valued at $69,000 after acquiring an additional 670 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.
Stellantis Trading Down 10.5 %
Shares of STLA traded down $2.61 during mid-day trading on Tuesday, hitting $22.31. The company's stock had a trading volume of 13,372,192 shares, compared to its average volume of 5,536,064. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $26.94 and a 200 day simple moving average of $23.50. Stellantis has a 1-year low of $15.07 and a 1-year high of $29.51.
Stellantis Announces Dividend
The firm also recently declared an annual dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a $1.147 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a dividend yield of 4.55%.
Wall Street Analysts Forecast Growth
STLA has been the topic of a number of research reports. Morgan Stanley raised their price target on Stellantis from $26.00 to $30.40 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Berenberg Bank restated a "hold" rating on shares of Stellantis in a research note on Tuesday, March 26th. Redburn Atlantic initiated coverage on Stellantis in a research note on Wednesday, January 24th. They set a "buy" rating on the stock. Piper Sandler initiated coverage on Stellantis in a research note on Friday, March 15th. They set an "overweight" rating and a $39.00 price target on the stock. Finally, Sanford C. Bernstein cut Stellantis from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $30.28.
Read Our Latest Stock Analysis on STLA
Insider Activity
In other Stellantis news, major shareholder N.V. Stellantis purchased 800,000 shares of Stellantis stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $4.83 per share, with a total value of $3,864,000.00. Following the acquisition, the insider now directly owns 36,251,720 shares of the company's stock, valued at $175,095,807.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired 3,150,000 shares of company stock valued at $15,724,500 in the last three months.
About Stellantis
(
Free Report)
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.
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