Charles Schwab Investment Management Inc. Has $5.27 Million Stock Position in Stagwell Inc. (NASDAQ:STGW)

Charles Schwab Investment Management Inc. grew its position in Stagwell Inc. (NASDAQ:STGW) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 800,703 shares of the company’s stock after acquiring an additional 6,742 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stagwell were worth $5,269,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in Stagwell by 304.6% in the third quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after buying an additional 101,201 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Stagwell by 4.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock worth $1,454,000 after acquiring an additional 8,579 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Stagwell during the 3rd quarter worth $229,000. Portfolio Design Labs LLC bought a new position in shares of Stagwell during the 4th quarter valued at $271,000. Finally, FMR LLC lifted its stake in shares of Stagwell by 370.3% in the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after purchasing an additional 13,252 shares during the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on STGW shares. Rosenblatt Securities increased their target price on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $8.00 to $9.00 in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Stagwell Stock Down 1.4 %

Stagwell stock opened at $6.21 on Wednesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 310.50 and a beta of 1.56. The firm has a fifty day moving average price of $6.33 and a two-hundred day moving average price of $6.78. Stagwell Inc. has a fifty-two week low of $5.29 and a fifty-two week high of $8.18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

Stagwell Company Profile

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.