2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. reduced its position in WPP plc ( NYSE:WPP – Free Report ) by 5.2% during the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 183,662 shares of the business services provider’s stock after selling 10,167 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in WPP were worth $9,440,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently made changes to their positions in WPP. Raymond James Financial Inc.
acquired a new stake in shares of WPP during the 4th quarter worth approximately $8,724,000. OLD Mission Capital LLC boosted its holdings in shares of WPP by 1,612.8% in the 4th quarter.
OLD Mission Capital LLC now owns 76,306 shares of the business services provider’s stock valued at $3,922,000 after purchasing an additional 71,851 shares in the last quarter. StoneX Group Inc. bought a new position in shares of WPP in the 4th quarter valued at $956,000.
Callan Family Office LLC acquired a new position in shares of WPP during the 4th quarter worth $569,000. Finally, JPMorgan Chase & Co. lifted its position in shares of WPP by 184.
3% during the 4th quarter. JPMorgan Chase & Co. now owns 15,729 shares of the business services provider’s stock worth $808,000 after buying an additional 10,197 shares during the last quarter.
4.34% of the stock is currently owned by institutional investors and hedge funds. WPP Trading Up 0.
5 % WPP stock opened at $35.64 on Friday. The stock has a 50-day moving average price of $40.
28 and a two-hundred day moving average price of $47.28. WPP plc has a 12 month low of $31.
52 and a 12 month high of $57.37. The company has a market capitalization of $7.
69 billion, a PE ratio of 5.97, a P/E/G ratio of 7.06 and a beta of 1.
06. WPP Increases Dividend Analysts Set New Price Targets Several brokerages have commented on WPP. Barclays downgraded WPP from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 28th.
Kepler Capital Markets upgraded shares of WPP from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group assumed coverage on shares of WPP in a research report on Wednesday, March 26th. They issued a “neutral” rating on the stock.
Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”. Check Out Our Latest Analysis on WPP About WPP ( Free Report ) WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe.
The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. Featured Articles Want to see what other hedge funds are holding WPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPP plc ( NYSE:WPP – Free Report ).
Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter ..
