Signaturefd LLC Buys 860 Shares of WPP plc (NYSE:WPP)

Signaturefd LLC increased its stake in shares of WPP plc (NYSE:WPP) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WPP. Hotchkis & Wiley Capital Management LLC boosted its position in shares of WPP by 47.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider’s stock worth $274,016,000 after acquiring an additional 1,734,750 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in WPP during the third quarter valued at $35,757,000. Raymond James Financial Inc. purchased a new stake in WPP during the fourth quarter valued at $8,724,000. Stifel Financial Corp raised its stake in WPP by 67.6% during the third quarter. Stifel Financial Corp now owns 55,963 shares of the business services provider’s stock valued at $2,863,000 after purchasing an additional 22,578 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in WPP by 66.1% during the third quarter. Quantinno Capital Management LP now owns 34,950 shares of the business services provider’s stock valued at $1,788,000 after purchasing an additional 13,912 shares in the last quarter. Institutional investors own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPP has been the topic of a number of recent research reports. 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 raised shares of WPP from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.

WPP Trading Up 1.2 %

Shares of WPP opened at $40.79 on Friday. WPP plc has a twelve month low of $38.90 and a twelve month high of $57.37. The company has a market cap of $8.80 billion, a P/E ratio of 6.83, a P/E/G ratio of 7.06 and a beta of 1.20. The company’s fifty day simple moving average is $44.93 and its 200-day simple moving average is $49.39.

WPP Increases Dividend

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

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.