Sei Investments Co. Grows Position in WPP plc (NYSE:WPP)

Sei Investments Co. raised its stake in shares of WPP plc (NYSE:WPP) by 17.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,727 shares of the business services provider’s stock after acquiring an additional 2,156 shares during the period. Sei Investments Co.’s holdings in WPP were worth $674,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in WPP by 26.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 120,564 shares of the business services provider’s stock worth $5,715,000 after purchasing an additional 24,899 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in WPP by 21.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,287 shares of the business services provider’s stock valued at $870,000 after acquiring an additional 3,281 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in WPP by 15.9% in the second quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider’s stock valued at $9,115,000 after acquiring an additional 27,384 shares during the period. Gilman Hill Asset Management LLC boosted its position in WPP by 188.2% in the first quarter. Gilman Hill Asset Management LLC now owns 72,351 shares of the business services provider’s stock worth $3,429,000 after purchasing an additional 47,249 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of WPP by 40.5% during the 4th 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 during the period. 4.34% of the stock is currently owned by institutional investors.

WPP Stock Down 0.8 %

WPP stock opened at $50.42 on Wednesday. The business’s 50-day moving average price is $48.00 and its 200-day moving average price is $48.66. WPP plc has a twelve month low of $41.13 and a twelve month high of $54.21.

WPP Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.954 per share. The ex-dividend date is Friday, October 11th. This represents a yield of 5.7%. This is an increase from WPP’s previous Semi-Annual dividend of $0.24.

Wall Street Analysts Forecast Growth

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

About WPP

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.