Bank of New York Mellon Corp Increases Stock Holdings in Aon plc $AON

Bank of New York Mellon Corp lifted its stake in shares of Aon plc (NYSE:AON) by 15.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,507,656 shares of the financial services provider’s stock after buying an additional 473,594 shares during the period. Bank of New York Mellon Corp’s holdings in AON were worth $1,251,391,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC lifted its holdings in AON by 0.9% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,105 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 28 shares during the period. HHM Wealth Advisors LLC lifted its holdings in AON by 54.7% during the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 29 shares during the period. Catalyst Financial Partners LLC lifted its holdings in AON by 2.6% during the first quarter. Catalyst Financial Partners LLC now owns 1,200 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 30 shares during the period. Sunflower Bank N.A. lifted its holdings in AON by 1.8% during the second quarter. Sunflower Bank N.A. now owns 1,675 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 30 shares during the period. Finally, MBL Wealth LLC lifted its holdings in AON by 2.1% during the first quarter. MBL Wealth LLC now owns 1,503 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $340.75 on Monday. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97. The business has a 50-day simple moving average of $356.70 and a 200 day simple moving average of $358.47. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.92 and a beta of 0.89.

AON (NYSE:AON) last posted 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 period in the previous year, the business earned $2.72 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Dividend Announcement

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

Analyst Upgrades and Downgrades

AON has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on AON from $393.00 to $413.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of AON in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on AON from $436.00 to $433.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Wolfe Research initiated coverage on AON in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company lowered their target price on AON from $451.00 to $448.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $420.00.

AON 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.