Russell Investments Group Ltd. Has $37.94 Million Position in Stellantis (NYSE:STLA)

Russell Investments Group Ltd. grew its holdings in Stellantis (NYSE:STLA) by 178.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,624,010 shares of the company’s stock after buying an additional 1,041,451 shares during the quarter. Russell Investments Group Ltd.’s holdings in Stellantis were worth $37,938,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Five Oceans Advisors increased its stake in Stellantis by 5.0% in the fourth quarter. Five Oceans Advisors now owns 12,410 shares of the company’s stock valued at $289,000 after acquiring an additional 593 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Stellantis by 2.9% during the third quarter. Stratos Wealth Partners LTD. now owns 21,305 shares of the company’s stock valued at $408,000 after purchasing an additional 596 shares in the last quarter. IFP Advisors Inc boosted its holdings in Stellantis by 20.6% during the third quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock valued at $67,000 after purchasing an additional 598 shares in the last quarter. CWM LLC grew its stake in shares of Stellantis by 11.6% in the 4th quarter. CWM LLC now owns 6,439 shares of the company’s stock valued at $150,000 after purchasing an additional 669 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of Stellantis by 23.0% in the 3rd quarter. Smithfield Trust Co now owns 3,589 shares of the company’s stock worth $69,000 after buying an additional 670 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

STLA has been the topic of several recent analyst reports. Redburn Atlantic began coverage on Stellantis in a research note on Wednesday, January 24th. They issued a “buy” rating on the stock. Morgan Stanley boosted their target price on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Wolfe Research assumed coverage on shares of Stellantis in a report on Thursday, February 1st. They issued an “outperform” rating on the stock. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. Finally, HSBC downgraded Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.28.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis bought 750,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $5.19 per share, for a total transaction of $3,892,500.00. Following the transaction, the insider now owns 39,351,720 shares in the company, valued at approximately $204,235,426.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought a total of 3,150,000 shares of company stock worth $15,724,500 over the last three months.

Stellantis Stock Up 0.7 %

NYSE STLA opened at $24.93 on Tuesday. Stellantis has a 52 week low of $15.07 and a 52 week high of $29.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. The stock has a fifty day moving average of $26.94 and a 200-day moving average of $23.50.

Stellantis Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a $1.147 dividend. This represents a yield of 4.55%. The ex-dividend date of this dividend is Monday, April 22nd.

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.