8,789 Shares in Stellantis (NYSE:STLA) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new position in shares of Stellantis (NYSE:STLA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $111,000.

Several other large investors also recently made changes to their positions in STLA. Norges Bank acquired a new stake in shares of Stellantis in the fourth quarter worth $609,076,000. Marshall Wace LLP increased its position in shares of Stellantis by 72,446.0% in the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock worth $226,899,000 after acquiring an additional 17,376,176 shares in the last quarter. Banco Santander S.A. increased its position 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 acquiring an additional 5,359,190 shares in the last quarter. Capital Research Global Investors increased its position in shares of Stellantis by 306.9% in the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock worth $90,636,000 after acquiring an additional 5,208,889 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Stellantis in the fourth quarter worth $62,769,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Up 0.6%

NYSE STLA opened at $10.77 on Monday. Stellantis has a 12 month low of $8.39 and a 12 month high of $22.61. 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 company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 3.16 and a beta of 1.45. The company’s fifty day moving average price is $10.37 and its two-hundred day moving average price is $12.18.

Stellantis Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a dividend of $0.5032 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis’s dividend payout ratio (DPR) is 20.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on STLA shares. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating for the company. Piper Sandler lowered shares of 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 research report on Thursday, March 20th. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, TD Cowen started coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 target price for the company. Twelve investment 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. According to data from MarketBeat, the stock 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.