Virtu KCG Holdings LLC Invests $548,000 in WPP PLC (WPPGY) Stock

Virtu KCG Holdings LLC acquired a new stake in WPP PLC (NASDAQ:WPPGY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,196 shares of the business services provider’s stock, valued at approximately $548,000.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of WPP PLC by 41.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,996 shares of the business services provider’s stock valued at $22,136,000 after acquiring an additional 61,156 shares during the period. First Trust Advisors LP grew its position in shares of WPP PLC by 8.5% during the 2nd quarter. First Trust Advisors LP now owns 227,823 shares of the business services provider’s stock valued at $24,015,000 after acquiring an additional 17,928 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of WPP PLC by 8.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 199,460 shares of the business services provider’s stock valued at $21,025,000 after acquiring an additional 14,981 shares during the period. Citadel Advisors LLC bought a new position in shares of WPP PLC during the 2nd quarter valued at approximately $1,351,000. Finally, Renaissance Technologies LLC grew its position in shares of WPP PLC by 10.7% during the 2nd quarter. Renaissance Technologies LLC now owns 131,100 shares of the business services provider’s stock valued at $13,819,000 after acquiring an additional 12,705 shares during the period. Hedge funds and other institutional investors own 3.81% of the company’s stock.

A number of research firms have recently weighed in on WPPGY. BidaskClub downgraded shares of WPP PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. UBS AG began coverage on shares of WPP PLC in a research report on Tuesday, June 13th. They set a “buy” rating for the company. BNP Paribas downgraded shares of WPP PLC from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. Zacks Investment Research downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $121.50.

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WPP PLC (NASDAQ:WPPGY) opened at 91.89 on Tuesday. The company has a market capitalization of $23.27 billion, a P/E ratio of 10.23 and a beta of 1.20. WPP PLC has a 12-month low of $89.40 and a 12-month high of $119.12. The company has a 50-day moving average of $92.92 and a 200 day moving average of $103.00.

WPP PLC (NASDAQ:WPPGY) last announced its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $3.02. Equities research analysts forecast that WPP PLC will post $9.39 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Monday, November 6th. Shareholders of record on Friday, Octo

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of WPP PLC by 41.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,996 shares of the business services provider’s stock valued at $22,136,000 after acquiring an additional 61,156 shares during the period. First Trust Advisors LP grew its position in shares of WPP PLC by 8.5% during the 2nd quarter. First Trust Advisors LP now owns 227,823 shares of the business services provider’s stock valued at $24,015,000 after acquiring an additional 17,928 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of WPP PLC by 8.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 199,460 shares of the business services provider’s stock valued at $21,025,000 after acquiring an additional 14,981 shares during the period. Citadel Advisors LLC bought a new position in shares of WPP PLC during the 2nd quarter valued at approximately $1,351,000. Finally, Renaissance Technologies LLC grew its position in shares of WPP PLC by 10.7% during the 2nd quarter. Renaissance Technologies LLC now owns 131,100 shares of the business services provider’s stock valued at $13,819,000 after acquiring an additional 12,705 shares during the period. Hedge funds and other institutional investors own 3.81% of the company’s stock.

A number of research firms have recently weighed in on WPPGY. BidaskClub downgraded shares of WPP PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. UBS AG began coverage on shares of WPP PLC in a research report on Tuesday, June 13th. They set a “buy” rating for the company. BNP Paribas downgraded shares of WPP PLC from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. Zacks Investment Research downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $121.50.

WARNING: This piece of content was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/10/virtu-kcg-holdings-llc-invests-548000-in-wpp-plc-wppgy-stock.html.

WPP PLC (NASDAQ:WPPGY) opened at 91.89 on Tuesday. The company has a market capitalization of $23.27 billion, a P/E ratio of 10.23 and a beta of 1.20. WPP PLC has a 12-month low of $89.40 and a 12-month high of $119.12. The company has a 50-day moving average of $92.92 and a 200 day moving average of $103.00.

WPP PLC (NASDAQ:WPPGY) last announced its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $3.02. Equities research analysts forecast that WPP PLC will post $9.39 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Monday, November 6th. Shareholders of record on Friday, October 6th will be issued a dividend of $1.4532 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 3.15%.

WPP PLC Company Profile

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

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Institutional Ownership by Quarter for WPP PLC (NASDAQ:WPPGY)

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