Raymond James Financial Inc. Invests $1.15 Million in Stellantis (NYSE:STLA)

Raymond James Financial Inc. acquired a new stake in Stellantis (NYSE:STLA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 88,186 shares of the company's stock, valued at approximately $1,151,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Stellantis by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock worth $1,099,842,000 after buying an additional 2,102,528 shares during the last quarter. Norges Bank bought a new stake in Stellantis during the fourth quarter worth approximately $609,076,000. AustralianSuper Pty Ltd grew its holdings in Stellantis by 34.3% during the fourth 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 during the last quarter. Franklin Resources Inc. raised its position in shares of Stellantis by 25.7% in the fourth quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company's stock valued at $124,309,000 after purchasing an additional 1,958,142 shares during the period. Finally, Banco Santander S.A. lifted its stake in shares of Stellantis by 282.2% in the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock worth $94,717,000 after buying an additional 5,359,190 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Trading Up 1.4 %

Shares of Stellantis stock opened at $9.59 on Monday. The company's fifty day moving average price is $10.87 and its two-hundred day moving average price is $12.41. The firm has a market capitalization of $28.99 billion, a PE ratio of 2.81 and a beta of 1.44. Stellantis has a 52-week low of $8.39 and a 52-week high of $23.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Stellantis Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Cowen initiated coverage on Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating on the stock. Redburn Atlantic downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They set a "hold" rating and a $13.00 price target for the company. Finally, UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Twelve equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $16.49.

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.

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