Bank of New York Mellon Corp Has $152.98 Million Stake in Willis Towers Watson Public Limited Company $WTW

Bank of New York Mellon Corp reduced its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 499,132 shares of the company’s stock after selling 87,379 shares during the period. Bank of New York Mellon Corp’s holdings in Willis Towers Watson Public were worth $152,984,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WTW. T. Rowe Price Investment Management Inc. raised its position in shares of Willis Towers Watson Public by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,856,440 shares of the company’s stock worth $965,334,000 after acquiring an additional 67,898 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Willis Towers Watson Public by 7.0% in the first quarter. Wellington Management Group LLP now owns 1,057,635 shares of the company’s stock valued at $357,428,000 after acquiring an additional 69,205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Willis Towers Watson Public by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 953,544 shares of the company’s stock valued at $322,250,000 after purchasing an additional 17,154 shares during the period. Dimensional Fund Advisors LP raised its holdings in Willis Towers Watson Public by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 862,629 shares of the company’s stock worth $291,519,000 after purchasing an additional 30,704 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Willis Towers Watson Public by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 607,773 shares of the company’s stock worth $205,397,000 after purchasing an additional 3,087 shares during the period. Institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Willis Towers Watson Public from $335.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. UBS Group increased their price target on Willis Towers Watson Public from $395.00 to $398.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Piper Sandler lowered their price objective on Willis Towers Watson Public from $387.00 to $356.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald initiated coverage on Willis Towers Watson Public in a research report on Wednesday, August 13th. They set a “neutral” rating and a $355.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Willis Towers Watson Public in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $366.92.

Willis Towers Watson Public Trading Down 0.3%

Shares of WTW stock opened at $322.20 on Friday. The company has a 50 day moving average of $333.11 and a 200-day moving average of $319.33. Willis Towers Watson Public Limited Company has a 12-month low of $292.97 and a 12-month high of $352.79. The firm has a market cap of $30.85 billion, a P/E ratio of 220.69, a PEG ratio of 2.54 and a beta of 0.69. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, October 30th. The company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. Willis Towers Watson Public had a return on equity of 21.60% and a net margin of 1.40%.The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $2.93 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 17.32 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 1.1%. Willis Towers Watson Public’s dividend payout ratio is 17.52%.

Willis Towers Watson Public declared that its board has authorized a stock repurchase program on Thursday, September 18th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Willis Towers Watson Public Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.