Virtu Financial LLC acquired a new stake in WPP plc (NYSE:WPP – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,110 shares of the business services provider’s stock, valued at approximately $338,000.
A number of other hedge funds have also made changes to their positions in the business. Beacon Financial Group increased its holdings in shares of WPP by 12.2% in the 4th quarter. Beacon Financial Group now owns 7,725 shares of the business services provider’s stock valued at $367,000 after acquiring an additional 837 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in shares of WPP in the 4th quarter valued at about $45,000. Crossmark Global Holdings Inc. boosted its position in shares of WPP by 21.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 18,287 shares of the business services provider’s stock valued at $870,000 after purchasing an additional 3,281 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of WPP in the 4th quarter valued at about $209,000. Finally, Eagle Global Advisors LLC boosted its position in shares of WPP by 122.5% in the 4th quarter. Eagle Global Advisors LLC now owns 51,517 shares of the business services provider’s stock valued at $2,451,000 after purchasing an additional 28,360 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.
WPP Price Performance
Shares of NYSE WPP opened at $46.96 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.86. WPP plc has a 52-week low of $41.13 and a 52-week high of $57.30. The business has a 50-day moving average price of $50.54 and a 200 day moving average price of $48.29.
Analysts Set New Price Targets
Read Our Latest Analysis on WPP
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.
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