Signaturefd LLC Increases Stake in WPP plc (NYSE:WPP)

Signaturefd LLC increased its stake in WPP plc (NYSE:WPP) by 9.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,430 shares of the business services provider’s stock after acquiring an additional 860 shares during the quarter. Signaturefd LLC’s holdings in WPP were worth $536,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in 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 buying an additional 528 shares during the period. Smartleaf Asset Management LLC increased its stake 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 buying an additional 966 shares during the period. GAMMA Investing LLC increased its stake in WPP by 92.4% in the 4th quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock worth $64,000 after buying an additional 599 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in WPP in the 3rd quarter worth about $84,000. Finally, Wealthfront Advisers LLC purchased a new position in WPP in the 4th quarter worth about $194,000. Hedge funds and other institutional investors own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on WPP shares. Barclays downgraded shares of WPP from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 28th. Kepler Capital Markets upgraded shares of WPP from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

WPP Price Performance

Shares of WPP stock opened at $40.79 on Friday. WPP plc has a 1 year low of $38.90 and a 1 year high of $57.37. The firm’s 50-day moving average is $44.93 and its two-hundred day moving average is $49.39. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 7.06 and a beta of 1.20.

WPP Increases Dividend

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

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.