Assetmark Inc. Has $27,000 Stake in WPP plc (NYSE:WPP)

Assetmark Inc. grew its holdings in shares of WPP plc (NYSE:WPP) by 52,800.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 529 shares of the business services provider’s stock after acquiring an additional 528 shares during the quarter. Assetmark Inc.’s holdings in WPP were worth $27,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WPP. Charles Schwab Investment Management Inc. boosted its holdings in WPP by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,937 shares of the business services provider’s stock valued at $973,000 after acquiring an additional 2,956 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in WPP by 2.5% in the fourth quarter. Jones Financial Companies Lllp now owns 10,231 shares of the business services provider’s stock valued at $526,000 after acquiring an additional 249 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of WPP by 453.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider’s stock worth $61,000 after buying an additional 966 shares in the last quarter. US Bancorp DE boosted its holdings in shares of WPP by 6.0% during the 4th quarter. US Bancorp DE now owns 19,511 shares of the business services provider’s stock worth $1,003,000 after buying an additional 1,096 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of WPP during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Price Performance

Shares of NYSE:WPP opened at $39.91 on Monday. The company has a market capitalization of $8.61 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 7.06 and a beta of 1.20. The business has a fifty day moving average price of $45.45 and a two-hundred day moving average price of $49.62. WPP plc has a 1 year low of $38.90 and a 1 year high of $57.37.

WPP Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.9728 per share. This is an increase from WPP’s previous semi-annual dividend of $0.95. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 6.2%. WPP’s dividend payout ratio is presently 8.04%.

Wall Street Analyst Weigh In

WPP has been the topic of a number of research analyst reports. StockNews.com cut 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 research report on Friday, January 24th. Finally, Barclays lowered WPP from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 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.