Truist Financial Corp Has $618,000 Holdings in WPP plc (NYSE:WPP)

Truist Financial Corp trimmed its holdings in shares of WPP plc (NYSE:WPP – Get Rating) by 13.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,002 shares of the business services provider’s stock after selling 2,420 shares during the quarter. Truist Financial Corp’s holdings in WPP were worth $618,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. TCI Wealth Advisors Inc. bought a new stake in shares of WPP during the 2nd quarter worth about $28,000. Wipfli Financial Advisors LLC bought a new stake in shares of WPP during the 3rd quarter worth about $35,000. JPMorgan Chase & Co. boosted its stake in shares of WPP by 49.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 986 shares of the business services provider’s stock worth $50,000 after acquiring an additional 327 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of WPP by 34.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 977 shares of the business services provider’s stock worth $63,000 after acquiring an additional 251 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of WPP by 51.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,565 shares of the business services provider’s stock worth $79,000 after acquiring an additional 530 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

WPP Stock Up 0.5 %

WPP stock opened at $56.93 on Monday. The business has a 50 day moving average price of $51.92 and a two-hundred day moving average price of $46.27. WPP plc has a 12 month low of $39.67 and a 12 month high of $83.69.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on WPP from GBX 1,370 ($16.72) to GBX 1,100 ($13.42) in a research note on Monday, October 17th. The Goldman Sachs Group upgraded WPP from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 18th. Berenberg Bank decreased their target price on WPP from GBX 915 ($11.17) to GBX 864 ($10.54) in a research note on Friday, November 4th. Morgan Stanley increased their target price on WPP from GBX 730 ($8.91) to GBX 770 ($9.40) in a research note on Friday, December 16th. Finally, StockNews.com upgraded WPP from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $886.75.

WPP Company Profile

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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.