Truist Financial Corp Has $1.12 Million Holdings in Stellantis (NYSE:STLA)

Truist Financial Corp cut its holdings in Stellantis (NYSE:STLA) by 64.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,728 shares of the company’s stock after selling 152,357 shares during the period. Truist Financial Corp’s holdings in Stellantis were worth $1,119,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Prospera Financial Services Inc grew its stake in Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after buying an additional 1,192 shares in the last quarter. Spire Wealth Management grew its stake in Stellantis by 29.7% during the fourth 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. MassMutual Private Wealth & Trust FSB grew its stake in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after buying an additional 1,489 shares in the last quarter. Caprock Group LLC grew its stake in Stellantis by 6.9% during the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after buying an additional 1,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Stellantis during the fourth quarter worth about $26,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Up 1.2 %

NYSE STLA opened at $12.72 on Friday. Stellantis has a one year low of $12.12 and a one year high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $13.16 and its 200-day moving average is $13.85.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI began coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Stellantis has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Company 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.