Stellantis (NYSE:STLA) stock purchased by SVB Wealth LLC

SVB Wealth LLC increased its holdings in shares of Stellantis (NYSE:STLA – Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,480 shares of the company, after purchasing an additional 786 shares during the quarter. SVB Wealth LLC’s holdings in Stellantis were worth $314,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in Stellantis shares by 553.4% ​​during the first quarter. Raymond James Financial Services Advisors Inc. now owns 81,067 shares of the company’s stock worth $1,319,000 after purchasing an additional 68,660 shares during the period. US Bancorp DE increased its stake in Stellantis shares by 3.2% during the first quarter. US Bancorp DE now owns 25,689 shares of the company’s stock worth $418,000 after purchasing an additional 802 shares during the period. HighTower Advisors LLC increased its holdings in shares of Stellantis by 13.6% during the first quarter. HighTower Advisors LLC now owns 25,936 shares of the company’s stock worth $422,000 after purchasing an additional 3,108 shares during the period. PNC Financial Services Group Inc. increased its stake in Stellantis shares by 14.4% during the first quarter. PNC Financial Services Group Inc. now owns 34,029 shares of the company’s stock worth $554,000 after purchasing an additional 4,276 shares during the period. Finally, BlackRock Inc. increased its stake in Stellantis shares by 34.8% during the first quarter. BlackRock Inc. now owns 1,959,142 shares of the company’s stock worth $31,876,000 after purchasing an additional 505,920 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s shares.

Stellantis shares rise 0.1%

Shares of STLA opened at $25.77 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. The company’s 50-day simple moving average is $26.97 and its 200-day simple moving average is $23.28. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51.

Stellantis announces dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 3. Shareholders of record on Tuesday, April 23 will receive a dividend of $1,147 per share. The ex-dividend date of this dividend is Monday, April 22. This represents a dividend yield of 4.55%.

Analyst upgrades and downgrades

A number of analysts have recently expressed their opinions on the stock. Morgan Stanley raised their target price on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research note on Thursday, April 11. HSBC downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26. Redburn Atlantic initiated coverage on shares of Stellantis in a research note on Wednesday, January 24th. They gave the stock a buy rating. Finally, Wolfe Research initiated coverage on Stellantis stock in a research note on Thursday, February 1st. They gave the stock an ‘outperform’ rating. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of ‘Hold’ and a consensus target price of $30.28.

Check out our latest stock analysis on STLA

Insider transactions at Stellantis

In other Stellantis news: major shareholder NV Stellantis bought 800,000 shares in a transaction dated Friday, March 8. The shares were acquired at an average cost of $4.60 per share, for a total transaction of $3,680,000.00. Following the completion of the transaction, the insider now owns 35,451,720 shares in the company, valued at approximately $163,077,912. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have acquired 3,150,000 shares of the company’s stock worth $15,724,500. Insiders own 0.02% of the company’s shares.

About Stellantis

(Free report)

Stellantis NV is engaged worldwide in the design, engineering, production, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services and production systems. It offers luxury and premium vehicles; SUVs; Vehicles of American and European brands; and parts and services, as well as retail and dealer financing, leasing and rental services.

Read further

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