Stifel Financial Corp lifted its position in WPP plc (NYSE:WPP - Free Report) by 67.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,963 shares of the business services provider's stock after purchasing an additional 22,578 shares during the quarter. Stifel Financial Corp's holdings in WPP were worth $2,863,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in WPP by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 648 shares of the business services provider's stock worth $33,000 after acquiring an additional 202 shares during the last quarter. Blue Trust Inc. increased its position in WPP by 767.1% in the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider's stock worth $35,000 after purchasing an additional 652 shares during the last quarter. Rothschild Investment LLC purchased a new stake in WPP during the second quarter valued at $80,000. Allspring Global Investments Holdings LLC lifted its position in WPP by 239.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider's stock valued at $126,000 after purchasing an additional 1,943 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of WPP in the 3rd quarter worth $203,000. 4.34% of the stock is currently owned by hedge funds and other institutional investors.
WPP Price Performance
Shares of WPP stock traded down $0.35 on Wednesday, reaching $53.90. The company had a trading volume of 30,326 shares, compared to its average volume of 160,466. The firm's 50-day moving average price is $53.18 and its two-hundred day moving average price is $49.81. WPP plc has a 1 year low of $43.02 and a 1 year high of $57.37. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 8.03 and a beta of 1.27.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of WPP from a "buy" rating to a "hold" rating in a report on Monday, November 18th.
Check Out Our Latest Report on WPP
WPP Profile
(
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.
Further Reading
Before you consider WPP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WPP wasn't on the list.
While WPP currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
