18,598 Shares in WPP plc (NYSE:WPP) Purchased by StoneX Group Inc.

StoneX Group Inc. bought a new stake in shares of WPP plc (NYSE:WPP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,598 shares of the business services provider’s stock, valued at approximately $956,000.

Several other large investors have also recently made changes to their positions in WPP. O Shaughnessy Asset Management LLC boosted its stake in WPP by 3.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,285 shares of the business services provider’s stock worth $1,043,000 after purchasing an additional 672 shares in the last quarter. Intrust Bank NA increased its position in shares of WPP by 52.5% during the fourth quarter. Intrust Bank NA now owns 7,567 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 2,605 shares in the last quarter. JPMorgan Chase & Co. lifted its position in WPP by 184.3% in the 4th quarter. JPMorgan Chase & Co. now owns 15,729 shares of the business services provider’s stock valued at $808,000 after acquiring an additional 10,197 shares in the last quarter. Sei Investments Co. boosted its stake in WPP by 21.0% during the 4th quarter. Sei Investments Co. now owns 20,476 shares of the business services provider’s stock valued at $1,053,000 after purchasing an additional 3,551 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of WPP by 4.8% in the fourth quarter. American Century Companies Inc. now owns 20,344 shares of the business services provider’s stock worth $1,046,000 after purchasing an additional 932 shares during the last quarter. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

WPP Stock Down 4.4 %

WPP stock opened at $36.29 on Wednesday. WPP plc has a 52-week low of $34.62 and a 52-week high of $57.37. The company has a market cap of $7.83 billion, a P/E ratio of 6.08, a P/E/G ratio of 7.06 and a beta of 1.20. The business has a 50-day simple moving average of $44.01 and a two-hundred day simple moving average of $48.89.

WPP Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 6th will be given a $0.9728 dividend. The ex-dividend date is Friday, June 6th. This is an increase from WPP’s previous semi-annual dividend of $0.95. This represents a yield of 6.2%. WPP’s dividend payout ratio (DPR) is presently 8.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Kepler Capital Markets raised WPP from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group started coverage on shares of WPP in a research report on Wednesday, March 26th. They set a “neutral” rating on the stock. Finally, Barclays downgraded shares of WPP from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

WPP Profile

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.