WPP (NYSE:WPP) Raised to “Buy” at Kepler Capital Markets

WPP (NYSE:WPP) was upgraded by equities research analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a research note issued on Friday, MarketBeat.com reports.

Separately, StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th.

WPP Stock Up 2.7 %

NYSE:WPP opened at $45.87 on Friday. The company has a 50-day moving average of $50.92 and a 200 day moving average of $49.85. WPP has a 1-year low of $43.02 and a 1-year high of $57.37.

Institutional Trading of WPP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WPP. Hotchkis & Wiley Capital Management LLC lifted its position in shares of WPP by 47.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider’s stock valued at $274,016,000 after acquiring an additional 1,734,750 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in WPP in the third quarter worth approximately $35,757,000. Bank of Montreal Can increased its stake in WPP by 72.0% during the second quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock worth $9,247,000 after acquiring an additional 80,102 shares during the last quarter. Dimensional Fund Advisors LP raised its position in WPP by 24.5% in the second quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock valued at $14,759,000 after purchasing an additional 63,363 shares during the period. Finally, Brandes Investment Partners LP increased its position in shares of WPP by 7.0% during the 2nd quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock worth $30,232,000 after purchasing an additional 42,690 shares during the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

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.