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

Integrated Wealth Concepts LLC grew its stake in Stellantis (NYSE:STLA) by 32.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374,768 shares of the company’s stock after purchasing an additional 92,676 shares during the period. Integrated Wealth Concepts LLC’s holdings in Stellantis were worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of STLA. Geneos Wealth Management Inc. acquired a new stake in Stellantis in the 4th quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd bought a new position in Stellantis in the 4th quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB raised its position in Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. Spire Wealth Management lifted its holdings in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after buying an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after buying an additional 4,000 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STLA has been the topic of several recent research reports. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. TD Cowen began coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective on the stock. Finally, Redburn Atlantic lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Stellantis currently has an average rating of “Hold” and a consensus target price of $16.49.

Stellantis Price Performance

NYSE:STLA opened at $9.41 on Friday. Stellantis has a 52 week low of $8.39 and a 52 week high of $25.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm’s 50-day simple moving average is $11.32 and its 200 day simple moving average is $12.54. The firm has a market cap of $28.45 billion, a price-to-earnings ratio of 2.76 and a beta of 1.44.

Stellantis Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be paid a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date is Wednesday, April 23rd. 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.