Janney Montgomery Scott LLC Acquires Shares of 3,113 Wpp Plc (WPP)

Janney Montgomery Scott LLC bought a new stake in Wpp Plc (NYSE:WPP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,113 shares of the business services provider’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WPP. Mondrian Investment Partners LTD acquired a new stake in shares of WPP in the 3rd quarter valued at $36,879,000. First Trust Advisors LP acquired a new stake in shares of WPP in the 3rd quarter valued at $23,467,000. Grandfield & Dodd LLC acquired a new stake in shares of WPP in the 3rd quarter valued at $12,838,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of WPP in the 3rd quarter valued at $9,170,000. Finally, Aperio Group LLC acquired a new stake in shares of WPP in the 3rd quarter valued at $9,023,000. 4.64% of the stock is owned by institutional investors.

Shares of WPP stock opened at $53.14 on Thursday. Wpp Plc has a 12 month low of $53.03 and a 12 month high of $103.53. The firm has a market cap of $13.95 billion, a P/E ratio of 6.85, a P/E/G ratio of 7.13 and a beta of 1.29.

WPP has been the subject of several research reports. ValuEngine raised WPP from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Pivotal Research raised WPP from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research cut WPP from a “buy” rating to a “sell” rating in a research note on Friday, September 7th. Finally, Kepler Capital Markets reaffirmed a “hold” rating on shares of WPP in a research note on Friday, October 26th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.00.

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About WPP

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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