JPMorgan Chase & Co. Raises Stock Position in WPP plc (NYSE:WPP)

JPMorgan Chase & Co. boosted its position in shares of WPP plc (NYSE:WPP) by 231.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,532 shares of the business services provider’s stock after acquiring an additional 3,865 shares during the period. JPMorgan Chase & Co.’s holdings in WPP were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC grew its position in WPP by 47.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider’s stock worth $274,016,000 after purchasing an additional 1,734,750 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of WPP during the third quarter valued at $35,757,000. Dimensional Fund Advisors LP increased its position in shares of WPP by 24.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock valued at $14,759,000 after acquiring an additional 63,363 shares during the period. Meritage Portfolio Management lifted its position in WPP by 72.8% during the 3rd quarter. Meritage Portfolio Management now owns 94,710 shares of the business services provider’s stock worth $4,845,000 after acquiring an additional 39,894 shares during the period. Finally, Gilman Hill Asset Management LLC grew its stake in WPP by 4.7% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 79,347 shares of the business services provider’s stock valued at $4,059,000 after purchasing an additional 3,531 shares during the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Trading Up 3.1 %

WPP stock opened at $48.28 on Friday. The business’s 50-day moving average is $50.63 and its 200 day moving average is $49.86. WPP plc has a 12-month low of $43.02 and a 12-month high of $57.37.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com cut shares of WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Kepler Capital Markets raised WPP from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

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.