The Manufacturers Life Insurance Company bought a new stake in WPP plc (NYSE:WPP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 698,931 shares of the business services provider's stock, valued at approximately $35,757,000. The Manufacturers Life Insurance Company owned 0.31% of WPP as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC increased its stake in shares of WPP by 34.3% in the 3rd quarter. Cerity Partners LLC now owns 13,504 shares of the business services provider's stock valued at $691,000 after purchasing an additional 3,452 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in WPP by 20.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,981 shares of the business services provider's stock valued at $818,000 after buying an additional 2,688 shares in the last quarter. Caprock Group LLC grew its position in WPP by 5.0% in the third quarter. Caprock Group LLC now owns 6,535 shares of the business services provider's stock valued at $334,000 after acquiring an additional 313 shares during the last quarter. Ceera Investments LLC raised its stake in WPP by 23.3% during the third quarter. Ceera Investments LLC now owns 12,355 shares of the business services provider's stock worth $632,000 after acquiring an additional 2,335 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of WPP by 0.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,068 shares of the business services provider's stock valued at $1,794,000 after purchasing an additional 303 shares in the last quarter. 4.34% of the stock is currently owned by institutional investors and hedge funds.
WPP Stock Performance
Shares of NYSE:WPP traded up $0.96 during midday trading on Friday, hitting $54.67. 173,644 shares of the stock were exchanged, compared to its average volume of 153,033. The business's 50-day moving average price is $52.17 and its 200 day moving average price is $49.60. WPP plc has a 12 month low of $43.02 and a 12 month high of $55.74.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Citigroup upgraded shares of WPP to a "strong-buy" rating in a research report on Thursday, August 8th. StockNews.com cut WPP from a "buy" rating to a "hold" rating in a research note on Monday, November 18th.
Read Our Latest Research 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.
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