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Fisher Asset Management LLC invests $1.02 million in WPP plc (NYSE:WPP)

According to the most recent SEC filing that the company submitted, Fisher Asset Management LLC made a new investment during the third quarter of this year in WPP plc (NYSE: WPP).

A total of 24,810 shares of the company’s Stock were acquired through the institutional investor’s investment of approximately 1,022,000 dollars.

Recent actions taken by these entities have altered the positions that many other institutional investors and hedge funds hold within the industry.

During the third quarter, Wipfli Financial Advisors LLC started a new position in WPP by purchasing approximately 35,000 dollars worth of the company’s shares.

This was the beginning of the new position. JPMorgan Chase & Co increased the proportion of WPP shares it owned by 49.6% over the second quarter.

As a result of the purchase of an additional 327 shares at various points throughout the quarter, JPMorgan Chase & Co now holds a total of 986 shares of the business services provider’s stock.

Each share has a value of $50,000, and the company’s holdings are currently worth $986,000.

As of the end of the third quarter, Global Retirement Partners LLC owned 26.2% more WPP stock than it did at the beginning of the quarter. Global Retirement Partners LLC now has 1,203 shares of the business services provider’s stock, which are currently valued at $53,000, following the purchase of an additional 250 shares during the period in question. Geneos Wealth Management INC increased the proportion of WPP shares it owned by 34.6% over the year’s first three months.

After making an additional 251 stock purchases during the time frame, Geneos Wealth Management INC now has a total of 977 shares of the business services provider’s stock, which are worth a combined total of $63,000.

These shares were acquired due to 977 stock purchases made during the time frame.

Last but certainly not least, during the second quarter, Captrust Financial Advisors made a 51.2% increase in the amount of WPP stock it owned, making it certain that this is not even close to being the most important accomplishment.

After making an additional purchase of 530 shares during the period, Captrust Financial Advisors now has 1,565 shares of the business services provider’s stock, which is currently valued at $79,000.

These shares were acquired due to an additional purchase made during the period. 3.79 percent of the company’s outstanding shares are held in investment portfolios by institutional and hedge fund investors. Hedge funds also hold 3.79 percent of the company’s outstanding shares.
Because of how it conducts its business, WPP has come under fire from several different research organizations. JPMorgan Chase & Co revealed in a research note made public on Monday, December 12, that they had increased their price objective on WPP from GBX 1,210 ($14.55) to GBX 1,260 ($15.15).

This change was made in response to recent market activity.

Deutsche Bank Aktiengesellschaft lowered their price objective on WPP from GBX 1,370 ($16.47) to GBX 1,100 ($13.22) in a research report published on Monday, October 17, reflecting a decrease in their expectations for the stock’s price.

In a research note published on January 31, Barclays announced that it had raised its rating for WPP to “overweight.” Before this change, the rating was “equal weight.” In a research note published on January 18, Goldman Sachs Group announced that they had altered their recommendation for WPP stock, moving it from “neutral” to “buy.” StockNews.com announced in a research report published on October 27 that it had upgraded its previous rating of “hold” for WPP to “buy.” One financial expert has suggested selling the stock; two other analysts have maintained a hold rating for the stock; and five financial experts have maintained a buy rating.

According to the data provided by Bloomberg, the company is presently regarded as having a consensus recommendation of “Moderate Buy,” with a target price of $1,001.29.

The average of the various price targets determined this price target.
WPP stock began trading on the New York Stock Exchange on Thursday for $61.67 per share.

The moving average price of the share of the stock calculated over the past 200 days is $47.70, while the moving average price calculated over the last 50 days is $53.92.

During this period, WPP plc’s stock price ranged from a 52-week high of $83.68 to a 52-week low of $39.67.

WPP Plc, a company that offers services related to communications, places a strong emphasis on creative transformation.

The business is organized into three separate operational divisions, which are referred to as “integrated global agencies,” “public relations agencies,” and “specialist agencies,” respectively. Global Integrated Agencies offers its clients across all forms of media a wide variety of creative services, including advertising, marketing, and brand strategies and campaigns, as examples of the types of services that fall under this category.

Conduct research into the business dealings of any other hedge funds that have holdings in WPP. On the website HoldingsChannel.com, you can find the most recent 13F filings and insider trades involving WPP plc (NYSE: WPP).

The post Fisher Asset Management LLC invests $1.02 million in WPP plc (NYSE:WPP) appeared first on Best Stocks.



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Fisher Asset Management LLC invests $1.02 million in WPP plc (NYSE:WPP)

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