International Assets Investment Management LLC Takes $1.48 Million Position in WPP plc (NYSE:WPP)

International Assets Investment Management LLC acquired a new position in shares of WPP plc (NYSE:WPP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,905 shares of the business services provider’s stock, valued at approximately $1,479,000.

A number of other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of WPP by 26.0% during the 1st 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 in the last quarter. Envestnet Asset Management Inc. raised its position in WPP by 15.9% during 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 in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in WPP in the first quarter valued at approximately $39,000. Oppenheimer Asset Management Inc. grew its position in WPP by 9.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,765 shares of the business services provider’s stock worth $1,592,000 after acquiring an additional 2,862 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of WPP by 72.0% during the 2nd quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock worth $9,247,000 after purchasing an additional 80,102 shares during the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Stock Up 1.4 %

NYSE WPP opened at $53.24 on Monday. WPP plc has a 1 year low of $42.49 and a 1 year high of $54.45. The company has a fifty day simple moving average of $50.27 and a 200 day simple moving average of $49.26.

WPP Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Citigroup upgraded shares of WPP to a “strong-buy” rating in a report on Thursday, August 8th. StockNews.com downgraded WPP from a “buy” rating to a “hold” rating in a research note on Monday, October 28th.

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.