Bank of America Corp DE Reduces Stock Position in Stagwell Inc. $STGW

Key Points

• Bank of America reduced its Stagwell stake by 62% in the first quarter, selling 227,682 shares and retaining 139,729 shares worth approximately $879,000. Institutional investors collectively own 35.61% of STGW.
• Analysts raised their price targets to $10, with Stagwell receiving a consensus rating of “Moderate Buy” and an average target price of $9.60.
• Stagwell exceeded quarterly expectations, reporting $0.25 in adjusted EPS versus a $0.19 estimate and revenue of $786.31 million, up 11.2% year over year. An insider separately sold 62,000 shares at an average price of $8.46.

Bank of America Corp DE trimmed its stake in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) by 62.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,729 shares of the company's stock after selling 227,682 shares during the period. Bank of America Corp DE owned about 0.06% of Stagwell worth $879,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STGW. Kestra Advisory Services LLC purchased a new position in shares of Stagwell in the fourth quarter valued at $26,000. Clearstead Advisors LLC boosted its position in shares of Stagwell by 186.2% in the 4th quarter. Clearstead Advisors LLC now owns 7,020 shares of the company's stock worth $34,000 after buying an additional 4,567 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Stagwell by 311.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company's stock valued at $49,000 after acquiring an additional 8,170 shares during the last quarter. Inceptionr LLC acquired a new stake in Stagwell in the 4th quarter valued at about $50,000. Finally, New York State Teachers Retirement System purchased a new position in Stagwell during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 35.61% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. B. Riley Financial upped their price target on shares of Stagwell from $8.00 to $10.00 and gave the company a "buy" rating in a report on Friday, July 31st. Needham & Company LLC lifted their price objective on Stagwell from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Wells Fargo & Company upped their target price on Stagwell from $8.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Rosenblatt Securities increased their target price on Stagwell from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised Stagwell from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Stagwell presently has an average rating of "Moderate Buy" and a consensus target price of $9.60.

Insider Activity

In other Stagwell news, insider Frank Lanuto sold 62,000 shares of Stagwell stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $8.46, for a total transaction of $524,520.00. Following the transaction, the insider directly owned 491,977 shares of the company's stock, valued at $4,162,125.42. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 11.20% of the company's stock.

Stagwell Price Performance

STGW opened at $8.77 on Monday. Stagwell Inc. has a 1 year low of $4.28 and a 1 year high of $9.55. The company's 50 day simple moving average is $8.25 and its 200 day simple moving average is $6.95. The stock has a market capitalization of $2.14 billion, a PE ratio of 146.17 and a beta of 1.22. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.81 and a current ratio of 0.81.

Stagwell (NASDAQ:STGW - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.19 by $0.06. The firm had revenue of $786.31 million during the quarter, compared to analyst estimates of $754.56 million. Stagwell had a net margin of 0.53% and a return on equity of 27.30%. Stagwell's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. As a group, sell-side analysts expect that Stagwell Inc. will post 0.92 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.

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