JPMorgan Chase & Co. Buys 644,654 Shares of Stagwell Inc. $STGW

JPMorgan Chase & Co. raised its position in Stagwell Inc. (NASDAQ:STGW) by 59.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,736,644 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Diversify Wealth Management LLC bought a new position in Stagwell during the second quarter worth about $7,875,000. Boston Partners grew its holdings in shares of Stagwell by 40.9% during the second quarter. Boston Partners now owns 3,273,852 shares of the company’s stock worth $15,515,000 after purchasing an additional 950,913 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Stagwell by 4.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 21,034,577 shares of the company’s stock worth $118,425,000 after acquiring an additional 920,431 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Stagwell by 23.6% in the second quarter. Geode Capital Management LLC now owns 2,852,617 shares of the company’s stock valued at $12,838,000 after purchasing an additional 544,464 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Stagwell by 17.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,241,987 shares of the company’s stock valued at $18,249,000 after buying an additional 471,017 shares during the period. 35.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Craig Hallum set a $8.00 price target on shares of Stagwell and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Weiss Ratings raised Stagwell from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 16th. Zacks Research cut shares of Stagwell from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. B. Riley Financial reduced their price target on Stagwell from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.96.

Stagwell Stock Down 2.7%

Stagwell stock opened at $6.08 on Friday. The stock has a market cap of $1.54 billion, a P/E ratio of 76.00 and a beta of 1.71. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.71. Stagwell Inc. has a twelve month low of $4.03 and a twelve month high of $7.16. The company’s 50-day moving average price is $5.62 and its two-hundred day moving average price is $5.38.

Stagwell (NASDAQ:STGW) last released its quarterly earnings results on Tuesday, March 10th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $807.44 million during the quarter, compared to the consensus estimate of $813.48 million. Stagwell had a return on equity of 22.61% and a net margin of 1.00%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Stagwell has set its FY 2026 guidance at 0.980-1.120 EPS. As a group, analysts expect that Stagwell Inc. will post 0.59 EPS for the current year.

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.