Bank of New York Mellon Corp Has $217,427,000 Position in Voya Financial Inc. (VOYA)
Bank of New York Mellon Corp raised its position in shares of Voya Financial Inc. (NYSE:VOYA) by 14.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,544,347 shares of the company’s stock after buying an additional 964,646 shares during the period. Bank of New York Mellon Corp owned about 3.77% of Voya Financial worth $217,427,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOYA. Pacer Advisors Inc. boosted its position in Voya Financial by 8.0% in the second quarter. Pacer Advisors Inc. now owns 4,127 shares of the company’s stock valued at $102,000 after buying an additional 306 shares during the last quarter. MU Investments Co. Ltd. purchased a new position in Voya Financial during the third quarter worth approximately $105,000. FNY Managed Accounts LLC boosted its position in Voya Financial by 362.4% in the third quarter. FNY Managed Accounts LLC now owns 3,750 shares of the company’s stock worth $108,000 after buying an additional 2,939 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in Voya Financial during the second quarter worth approximately $132,000. Finally, Zweig DiMenna Associates LLC purchased a new position in Voya Financial during the second quarter worth approximately $208,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Voya Financial Inc. (NYSE:VOYA) opened at 38.87 on Thursday. The stock’s market capitalization is $7.56 billion. Voya Financial Inc. has a one year low of $22.75 and a one year high of $41.12. The firm has a 50-day moving average of $32.99 and a 200 day moving average of $29.52.
Voya Financial (NYSE:VOYA) last posted its earnings results on Wednesday, November 2nd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.29. Voya Financial had a negative net margin of 0.02% and a positive return on equity of 3.37%. The firm had revenue of $160.40 million for the quarter, compared to the consensus estimate of $306.80 million. During the same period in the previous year, the firm posted $0.18 EPS. On average, equities research analysts predict that Voya Financial Inc. will post $2.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, November 30th will be issued a $0.01 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. Voya Financial’s dividend payout ratio (DPR) is presently -400.00%.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Wells Fargo & Co. assumed coverage on shares of Voya Financial in a research report on Thursday, September 22nd. They set a “market perform” rating for the company. TheStreet upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 5th. Credit Suisse Group AG assumed coverage on shares of Voya Financial in a research report on Friday, October 7th. They set an “outperform” rating and a $39.00 price target for the company. Finally, BTIG Research restated a “buy” rating and set a $50.00 price target on shares of Voya Financial in a research report on Wednesday, October 26th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.45.
In other news, insider Nancy Ferrara sold 1,395 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $35.67, for a total value of $49,759.65. Following the sale, the insider now directly owns 17,915 shares in the company, valued at approximately $639,028.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by insiders.
About Voya Financial
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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