Jane Street Group LLC Acquires New Position in WPP plc (NYSE:WPP)

Jane Street Group LLC acquired a new stake in shares of WPP plc (NYSE:WPP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,597 shares of the business services provider's stock, valued at approximately $2,292,000.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of WPP by 52,800.0% in the 4th quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock worth $27,000 after purchasing an additional 528 shares during the period. Smartleaf Asset Management LLC increased its holdings in WPP by 453.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider's stock worth $61,000 after acquiring an additional 966 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in WPP by 57.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,168 shares of the business services provider's stock worth $111,000 after acquiring an additional 787 shares in the last quarter. NewEdge Advisors LLC increased its holdings in WPP by 160.7% in the 4th quarter. NewEdge Advisors LLC now owns 3,368 shares of the business services provider's stock worth $173,000 after acquiring an additional 2,076 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in WPP in the 4th quarter worth approximately $194,000. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Price Performance

NYSE WPP opened at $40.09 on Friday. The stock has a 50-day moving average of $37.77 and a two-hundred day moving average of $45.62. The company has a market cap of $8.65 billion, a P/E ratio of 6.72, a P/E/G ratio of 7.06 and a beta of 1.04. WPP plc has a 1-year low of $31.52 and a 1-year high of $57.37.

WPP Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 6th will be issued a $0.9728 dividend. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 6.2%. This is a positive change from WPP's previous semi-annual dividend of $0.95. WPP's payout ratio is presently 8.04%.

Analysts Set New Price Targets

WPP has been the subject of a number of recent research reports. Kepler Capital Markets raised shares of WPP from a "hold" rating to a "buy" rating in a report on Friday, January 24th. StockNews.com lowered shares of WPP from a "buy" rating to a "hold" rating in a report on Thursday. Barclays lowered shares of WPP from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group started coverage on WPP in a research report on Wednesday, March 26th. They set a "neutral" rating for the company. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, WPP has an average rating of "Moderate Buy".

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.

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