Invesco Ltd. Sells 438,422 Shares of Wpp Plc $WPP

Invesco Ltd. decreased its position in Wpp Plc (NYSE:WPP) by 17.9% during the second quarter, Holdings Channel.com reports. The fund owned 2,009,874 shares of the business services provider’s stock after selling 438,422 shares during the quarter. Invesco Ltd.’s holdings in WPP were worth $70,366,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WPP. Connor Clark & Lunn Investment Management Ltd. purchased a new position in WPP during the 1st quarter valued at about $612,000. Vestmark Advisory Solutions Inc. grew its position in shares of WPP by 101.0% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 34,978 shares of the business services provider’s stock worth $1,328,000 after buying an additional 17,576 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of WPP by 3,450.0% during the first quarter. Brooklyn Investment Group now owns 1,917 shares of the business services provider’s stock valued at $73,000 after buying an additional 1,863 shares during the period. Northern Trust Corp raised its holdings in shares of WPP by 11.6% during the first quarter. Northern Trust Corp now owns 283,028 shares of the business services provider’s stock valued at $10,744,000 after acquiring an additional 29,388 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in WPP in the first quarter worth $75,000. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WPP. Wall Street Zen cut shares of WPP from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Zacks Research lowered shares of WPP from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

WPP Trading Up 0.2%

Shares of NYSE:WPP opened at $21.21 on Thursday. The stock has a fifty day simple moving average of $21.18 and a two-hundred day simple moving average of $27.03. Wpp Plc has a 12-month low of $17.47 and a 12-month high of $56.59.

About WPP

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.