JPMorgan Chase & Co. Has $9.78 Million Stock Holdings in Stagwell Inc. $STGW

JPMorgan Chase & Co. grew its holdings in Stagwell Inc. (NASDAQ:STGW) by 59.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,736,644 shares of the company’s stock after acquiring an additional 644,654 shares during the period. JPMorgan Chase & Co.’s holdings in Stagwell were worth $9,777,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of STGW. Parkside Financial Bank & Trust raised its holdings in shares of Stagwell by 43.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company’s stock valued at $45,000 after purchasing an additional 3,003 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Stagwell in the third quarter worth $47,000. Tower Research Capital LLC TRC increased its position in Stagwell by 311.8% during the second quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company’s stock worth $49,000 after buying an additional 8,170 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Stagwell by 51.6% during the second quarter. Ameritas Investment Partners Inc. now owns 11,790 shares of the company’s stock valued at $53,000 after buying an additional 4,013 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Stagwell during the second quarter valued at about $69,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. B. Riley Financial decreased their price target on Stagwell from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday. Wall Street Zen downgraded Stagwell from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC boosted their price objective on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a research note on Friday, November 7th. Seaport Research Partners upgraded shares of Stagwell to a “strong-buy” rating in a report on Friday, November 14th. Finally, Zacks Research cut shares of Stagwell from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.96.

Stagwell Price Performance

Shares of Stagwell stock opened at $5.24 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $1.32 billion, a PE ratio of 87.33 and a beta of 1.71. The firm has a fifty day moving average price of $5.37 and a two-hundred day moving average price of $5.33. Stagwell Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $7.16.

Stagwell Profile

Stagwell Inc is a modern marketing and communications network that partners with global organizations to drive brand growth through data-driven insights and creative solutions. The company operates a diversified portfolio of specialized agencies and technology platforms, offering services that span digital marketing, advertising, public relations, consumer and market research, social media strategy, and commerce consulting. By integrating research, creative, media, and technology under a unified network, Stagwell aims to deliver end-to-end marketing solutions tailored to the evolving needs of clients in sectors such as technology, healthcare, consumer goods, and financial services.

Founded in 2015 by long-time political strategist and pollster Mark Penn, Stagwell has expanded organically and through strategic acquisitions to build capabilities across the marketing value chain.