Oppenheimer Asset Management Inc. Reduces Holdings in Willis Towers Watson Public Limited (NASDAQ:WTW)

Oppenheimer Asset Management Inc. lowered its stake in shares of Willis Towers Watson Public Limited (NASDAQ:WTW) by 31.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,301 shares of the company’s stock after selling 1,072 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Willis Towers Watson Public were worth $678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTW. Graypoint LLC increased its holdings in shares of Willis Towers Watson Public by 4.7% in the second quarter. Graypoint LLC now owns 820 shares of the company’s stock valued at $215,000 after purchasing an additional 37 shares during the period. Fidelis Capital Partners LLC boosted its position in Willis Towers Watson Public by 3.1% in the third quarter. Fidelis Capital Partners LLC now owns 1,223 shares of the company’s stock valued at $357,000 after buying an additional 37 shares during the last quarter. Creative Planning increased its holdings in Willis Towers Watson Public by 0.3% in the 2nd quarter. Creative Planning now owns 13,147 shares of the company’s stock worth $3,446,000 after buying an additional 43 shares during the period. Farther Finance Advisors LLC raised its position in Willis Towers Watson Public by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 237 shares of the company’s stock worth $70,000 after buying an additional 43 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Willis Towers Watson Public by 4.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,189 shares of the company’s stock valued at $312,000 after acquiring an additional 47 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WTW has been the topic of several recent research reports. Barclays started coverage on shares of Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target on the stock. Wells Fargo & Company upped their target price on Willis Towers Watson Public from $334.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on Willis Towers Watson Public from $352.00 to $359.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group raised their price objective on shares of Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Hold” and an average price target of $312.27.

Willis Towers Watson Public Trading Down 1.6 %

NASDAQ WTW opened at $307.59 on Wednesday. Willis Towers Watson Public Limited has a 12 month low of $234.01 and a 12 month high of $320.77. The stock has a market capitalization of $30.98 billion, a P/E ratio of -42.95, a PEG ratio of 1.95 and a beta of 0.73. The firm’s 50-day moving average is $296.86 and its two-hundred day moving average is $277.66. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Willis Towers Watson Public had a negative net margin of 7.36% and a positive return on equity of 18.57%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.24 EPS. On average, sell-side analysts anticipate that Willis Towers Watson Public Limited will post 16.67 earnings per share for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, September 30th. Willis Towers Watson Public’s payout ratio is -48.35%.

Willis Towers Watson Public Company 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.