Oppenheimer Asset Management Inc. Increases Stock Holdings in WPP plc (NYSE:WPP)

Oppenheimer Asset Management Inc. grew its holdings in shares of WPP plc (NYSE:WPP) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,068 shares of the business services provider’s stock after purchasing an additional 303 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in WPP were worth $1,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WPP. Allspring Global Investments Holdings LLC purchased a new position in WPP during the first quarter valued at $39,000. Sei Investments Co. grew its stake in shares of WPP by 31.6% during the 1st quarter. Sei Investments Co. now owns 12,571 shares of the business services provider’s stock valued at $596,000 after acquiring an additional 3,020 shares during the period. US Bancorp DE grew its stake in shares of WPP by 22.6% during the 1st quarter. US Bancorp DE now owns 20,266 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 3,742 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in WPP by 26.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,104 shares of the business services provider’s stock worth $1,000,000 after acquiring an additional 4,411 shares in the last quarter. Finally, Capital International Investors raised its stake in WPP by 4.9% during the 1st quarter. Capital International Investors now owns 125,589 shares of the business services provider’s stock worth $5,953,000 after acquiring an additional 5,902 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup raised shares of WPP to a “strong-buy” rating in a research note on Thursday, August 8th. StockNews.com lowered WPP from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th.

WPP Stock Down 2.6 %

Shares of WPP opened at $51.45 on Monday. WPP plc has a 1 year low of $43.02 and a 1 year high of $55.74. The company has a 50 day simple moving average of $51.48 and a two-hundred day simple moving average of $49.53.

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.