BNP Paribas Financial Markets Cuts Stock Holdings in WPP plc (NYSE:WPP)

BNP Paribas Financial Markets trimmed its position in shares of WPP plc (NYSE:WPP) by 16.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,135 shares of the business services provider’s stock after selling 409 shares during the period. BNP Paribas Financial Markets’ holdings in WPP were worth $109,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in WPP by 45.3% during the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock worth $33,000 after acquiring an additional 202 shares during the last quarter. Blue Trust Inc. raised its holdings in WPP by 767.1% in the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after buying an additional 652 shares during the period. Rothschild Investment LLC purchased a new position in WPP in the second quarter valued at approximately $80,000. Allspring Global Investments Holdings LLC grew its stake in WPP by 239.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider’s stock worth $126,000 after buying an additional 1,943 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in shares of WPP in the third quarter worth $203,000. 4.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th.

WPP Stock Down 2.7 %

NYSE WPP opened at $52.78 on Thursday. The business has a 50 day moving average price of $53.21 and a two-hundred day moving average price of $49.83. WPP plc has a fifty-two week low of $43.02 and a fifty-two week high of $57.37. The stock has a market cap of $11.98 billion, a PE ratio of 8.98, a P/E/G ratio of 8.03 and a beta of 1.27.

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.