Bank of New York Mellon Corp Acquires Shares of 525,809 Stagwell Inc. $STGW

Key Points

• Bank of New York Mellon acquired 525,809 Stagwell shares worth approximately $3.9 million, while institutional investors collectively own 35.61% of the company.
• Analysts raised Stagwell’s price targets to as much as $10, with the stock receiving a consensus “Moderate Buy” rating and an average target of $9.60.
• Stagwell exceeded quarterly expectations, reporting $0.25 in earnings per share versus $0.19 expected and revenue of $786.31 million, up 11.2% year over year; an insider separately sold 62,000 shares.

Bank of New York Mellon Corp acquired a new position in Stagwell Inc. (NASDAQ:STGW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 525,809 shares of the company's stock, valued at approximately $3,907,000. Bank of New York Mellon Corp owned approximately 0.21% of Stagwell as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC increased its stake in Stagwell by 4.6% during the third 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. Dimensional Fund Advisors LP raised its position in Stagwell by 22.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,035,320 shares of the company's stock valued at $31,671,000 after purchasing an additional 923,771 shares during the period. UBS Group AG raised its position in Stagwell by 10.8% during the third quarter. UBS Group AG now owns 2,851,083 shares of the company's stock valued at $16,052,000 after purchasing an additional 277,637 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Stagwell by 54.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,676,532 shares of the company's stock valued at $13,088,000 after purchasing an additional 939,888 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Stagwell by 3.3% in the 4th quarter. State Street Corp now owns 2,299,100 shares of the company's stock worth $11,243,000 after purchasing an additional 73,817 shares during the period. 35.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on STGW. B. Riley Financial increased their price target on 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 shares of Stagwell from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Zacks Research raised shares of Stagwell from a "strong sell" rating to a "hold" rating in a research note on Friday, June 5th. Weiss Ratings upgraded shares of Stagwell from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, August 13th. Finally, Rosenblatt Securities increased their target price on shares of Stagwell from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Stagwell has an average rating of "Moderate Buy" and a consensus price target of $9.60.

Insider Buying and Selling

In related news, insider Frank Lanuto sold 62,000 shares of Stagwell stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $8.46, for a total transaction of $524,520.00. Following the completion of the sale, the insider owned 491,977 shares in the company, valued at $4,162,125.42. This trade represents a 11.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.20% of the stock is owned by corporate insiders.

Stagwell Price Performance

Shares of STGW stock opened at $8.77 on Friday. Stagwell Inc. has a 52-week low of $4.28 and a 52-week high of $9.55. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $2.14 billion, a P/E ratio of 146.17 and a beta of 1.22. The stock has a 50 day moving average price of $8.25 and a 200 day moving average price of $6.94.

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

Stagwell Company 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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