Legacy Wealth Asset Management LLC Acquires 537 Shares of WPP plc (NYSE:WPP)

Legacy Wealth Asset Management LLC raised its holdings in WPP plc (NYSE:WPP) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,796 shares of the business services provider’s stock after buying an additional 537 shares during the period. Legacy Wealth Asset Management LLC’s holdings in WPP were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in shares of WPP during the first quarter valued at about $39,000. Gilman Hill Asset Management LLC lifted its position in shares of WPP by 188.2% during the first quarter. Gilman Hill Asset Management LLC now owns 72,351 shares of the business services provider’s stock valued at $3,429,000 after purchasing an additional 47,249 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of WPP by 32.0% during the first quarter. Ballentine Partners LLC now owns 6,108 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 1,482 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of WPP by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 22,961 shares of the business services provider’s stock valued at $1,092,000 after purchasing an additional 3,561 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of WPP by 40.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,648 shares of the business services provider’s stock valued at $54,974,000 after purchasing an additional 332,914 shares in the last quarter. 4.34% of the stock is owned by institutional investors.

WPP Stock Performance

NYSE WPP opened at $46.69 on Friday. WPP plc has a 52-week low of $41.13 and a 52-week high of $57.30. The company has a 50-day simple moving average of $50.16 and a 200 day simple moving average of $48.34. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.00.

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.