Stifel Financial Corp Purchases 22,578 Shares of WPP plc (NYSE:WPP)

Stifel Financial Corp boosted its position in shares of WPP plc (NYSE:WPP) by 67.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,963 shares of the business services provider’s stock after buying an additional 22,578 shares during the quarter. Stifel Financial Corp’s holdings in WPP were worth $2,863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of WPP by 45.3% during the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock worth $33,000 after purchasing an additional 202 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of WPP by 0.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 35,068 shares of the business services provider’s stock valued at $1,794,000 after buying an additional 303 shares during the period. Caprock Group LLC raised its holdings in shares of WPP by 5.0% during 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 in the last quarter. Mezzasalma Advisors LLC lifted its stake in WPP by 7.3% in the third quarter. Mezzasalma Advisors LLC now owns 5,291 shares of the business services provider’s stock worth $271,000 after acquiring an additional 358 shares during the period. Finally, Aaron Wealth Advisors LLC increased its position in WPP by 8.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 364 shares during the period. Institutional investors own 4.34% of the company’s stock.

WPP Stock Down 2.4 %

WPP opened at $54.24 on Wednesday. The stock has a market cap of $12.31 billion, a PE ratio of 9.22, a PEG ratio of 8.03 and a beta of 1.27. The business has a 50 day moving average of $53.18 and a 200-day moving average of $49.81. WPP plc has a 52 week low of $43.02 and a 52 week high of $57.37.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a research note on Monday, November 18th.

WPP Company 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.