Hsbc Holdings PLC Increases Stock Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Hsbc Holdings PLC boosted its stake in Willis Towers Watson Public Limited (NASDAQ:WTW) by 161.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 190,101 shares of the company’s stock after buying an additional 117,372 shares during the quarter. Hsbc Holdings PLC owned approximately 0.19% of Willis Towers Watson Public worth $50,032,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Richardson Financial Services Inc. bought a new position in shares of Willis Towers Watson Public during the 1st quarter worth approximately $28,000. American National Bank purchased a new stake in shares of Willis Towers Watson Public during the second quarter valued at approximately $36,000. Beacon Capital Management LLC lifted its holdings in Willis Towers Watson Public by 136.5% during the first quarter. Beacon Capital Management LLC now owns 175 shares of the company’s stock worth $48,000 after acquiring an additional 101 shares during the period. Glassman Wealth Services purchased a new position in Willis Towers Watson Public in the fourth quarter worth $49,000. Finally, New Millennium Group LLC bought a new position in Willis Towers Watson Public in the 2nd quarter valued at $54,000. 93.09% of the stock is currently owned by institutional investors.

Willis Towers Watson Public Trading Down 0.2 %

Shares of Willis Towers Watson Public stock opened at $288.35 on Friday. The company’s 50-day moving average price is $282.05 and its 200-day moving average price is $268.66. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.52 and a beta of 0.74. Willis Towers Watson Public Limited has a 12-month low of $203.36 and a 12-month high of $296.45. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.56.

Willis Towers Watson Public (NASDAQ:WTW) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 11.24% and a return on equity of 16.97%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. On average, equities analysts expect that Willis Towers Watson Public Limited will post 16.51 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.88 dividend. The ex-dividend date is Monday, September 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.22%. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WTW shares. Morgan Stanley cut their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Roth Mkm increased their target price on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Truist Financial raised their price target on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays initiated coverage on Willis Towers Watson Public in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $298.73.

About Willis Towers Watson Public

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.