Integrated Wealth Concepts LLC Buys 92,676 Shares of Stellantis (NYSE:STLA)

Integrated Wealth Concepts LLC raised its stake in Stellantis (NYSE:STLA - Free Report) by 32.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of 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 during the last quarter. Norges Bank acquired a new position in Stellantis in the 4th quarter worth about $609,076,000. Marshall Wace LLP raised its position in Stellantis by 72,446.0% in the fourth 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 during the last quarter. Canada Pension Plan Investment Board boosted its position in Stellantis by 24.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock worth $185,626,000 after buying an additional 2,839,709 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in shares of 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 acquiring an additional 3,121,462 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STLA has been the subject of a number of recent research reports. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Twelve analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Stellantis has a consensus rating of "Hold" and an average price target of $16.49.

Stellantis Stock Performance

Shares of NYSE STLA traded up $0.24 during midday trading on Tuesday, reaching $9.60. The company's stock had a trading volume of 18,454,167 shares, compared to its average volume of 10,862,971. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market capitalization of $29.02 billion, a P/E ratio of 2.82 and a beta of 1.44. The firm has a 50 day moving average price of $11.23 and a 200-day moving average price of $12.51. Stellantis has a 12-month low of $8.39 and a 12-month high of $23.37.

Stellantis Announces Dividend

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

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.