Raymond James Financial Services Advisors Inc. Purchases 1,126 Shares of WPP plc (NYSE:WPP)

Raymond James Financial Services Advisors Inc. increased its holdings in WPP plc (NYSE:WPPGet Rating) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,279 shares of the business services provider’s stock after acquiring an additional 1,126 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in WPP were worth $1,288,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC increased its stake in shares of WPP by 4.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,930 shares of the business services provider’s stock worth $249,000 after purchasing an additional 210 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of WPP by 34.6% during the first quarter. Geneos Wealth Management Inc. now owns 977 shares of the business services provider’s stock valued at $63,000 after buying an additional 251 shares during the period. Archford Capital Strategies LLC increased its stake in shares of WPP by 5.0% in the 3rd quarter. Archford Capital Strategies LLC now owns 5,389 shares of the business services provider’s stock worth $222,000 after acquiring an additional 259 shares in the last quarter. SG Americas Securities LLC raised its holdings in WPP by 5.9% in the second quarter. SG Americas Securities LLC now owns 5,021 shares of the business services provider’s stock worth $254,000 after buying an additional 278 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in WPP by 49.6% during the second quarter. JPMorgan Chase & Co. now owns 986 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 327 shares during the period. Institutional investors own 3.79% of the company’s stock.

WPP Stock Performance

WPP stock opened at $56.65 on Friday. The firm’s fifty day moving average is $51.81 and its 200 day moving average is $46.14. WPP plc has a one year low of $39.67 and a one year high of $83.69.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WPP shares. Barclays dropped their price target on WPP from GBX 900 ($10.98) to GBX 850 ($10.37) in a research note on Thursday, October 27th. The Goldman Sachs Group upgraded WPP from a “neutral” rating to a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on WPP from GBX 1,370 ($16.72) to GBX 1,100 ($13.42) in a report on Monday, October 17th. Berenberg Bank reduced their price objective on shares of WPP from GBX 915 ($11.17) to GBX 864 ($10.54) in a research note on Friday, November 4th. Finally, JPMorgan Chase & Co. increased their price target on WPP from GBX 1,210 ($14.77) to GBX 1,260 ($15.38) in a research note on Monday, December 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, WPP currently has an average rating of “Hold” and a consensus price target of $886.75.

About WPP

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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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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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