Bank of New York Mellon Corp Has $1.25 Billion Stock Holdings in Aon plc $AON

Bank of New York Mellon Corp raised its position in Aon plc (NYSE:AON) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,507,656 shares of the financial services provider’s stock after buying an additional 473,594 shares during the quarter. Bank of New York Mellon Corp owned 1.63% of AON worth $1,251,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in AON in the 1st quarter valued at $28,000. Saudi Central Bank acquired a new stake in shares of AON during the 1st quarter worth $31,000. Pinnacle Bancorp Inc. grew its holdings in shares of AON by 56.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 33 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of AON during the 2nd quarter worth $32,000. Finally, HHM Wealth Advisors LLC grew its holdings in shares of AON by 54.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 29 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on AON. Morgan Stanley raised AON from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $385.00 to $430.00 in a report on Thursday, September 11th. Wolfe Research assumed coverage on AON in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Citigroup raised AON from a “neutral” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Finally, Cantor Fitzgerald raised AON to a “strong-buy” rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, AON presently has an average rating of “Moderate Buy” and an average target price of $420.00.

AON Price Performance

Shares of AON opened at $340.75 on Monday. Aon plc has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $73.48 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89. The business has a 50-day moving average of $356.70 and a 200-day moving average of $358.47.

AON (NYSE:AON) last released its earnings results on Friday, October 31st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. AON had a return on equity of 50.91% and a net margin of 15.54%.The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm posted $2.72 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. AON’s dividend payout ratio (DPR) is 23.88%.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.