Voya Financial, Inc. (VOYA) Position Held by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund continued to hold its stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,934 shares of the asset manager’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Voya Financial were worth $1,178,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Voya Financial by 82.8% in the first quarter. Wells Fargo & Company MN now owns 498,044 shares of the asset manager’s stock worth $18,906,000 after buying an additional 225,521 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Voya Financial by 88.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock worth $95,841,000 after buying an additional 1,187,263 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Voya Financial by 113.5% in the fourth quarter. Macquarie Group Ltd. now owns 11,100 shares of the asset manager’s stock worth $435,000 after buying an additional 5,900 shares during the last quarter. Oxford Asset Management purchased a new stake in shares of Voya Financial during the first quarter worth about $1,747,000. Finally, DnB Asset Management AS increased its stake in shares of Voya Financial by 23.8% in the first quarter. DnB Asset Management AS now owns 17,700 shares of the asset manager’s stock worth $672,000 after buying an additional 3,400 shares during the last quarter.
Voya Financial, Inc. (NYSE VOYA) traded down 0.52% on Thursday, hitting $40.38. 351,865 shares of the stock were exchanged. The company has a 50-day moving average of $37.36 and a 200-day moving average of $38.14. The stock’s market cap is $7.51 billion. Voya Financial, Inc. has a 12 month low of $26.61 and a 12 month high of $42.96.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.18. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.66%. The company had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $318.84 million. During the same period in the previous year, the firm earned $0.79 earnings per share. On average, equities analysts predict that Voya Financial, Inc. will post $3.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. Voya Financial’s payout ratio is -1.04%.
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A number of equities research analysts have issued reports on VOYA shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a research report on Tuesday. BidaskClub raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Voya Financial in a research report on Wednesday, July 12th. Citigroup Inc. set a $51.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research report on Monday, May 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $46.11.
In related news, Chairman Rodney O. Martin, Jr. acquired 8,475 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was purchased at an average cost of $35.29 per share, with a total value of $299,082.75. Following the completion of the acquisition, the chairman now directly owns 114,221 shares of the company’s stock, valued at $4,030,859.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael S. Smith acquired 5,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were bought at an average cost of $35.24 per share, with a total value of $176,200.00. Following the completion of the acquisition, the insider now directly owns 69,142 shares of the company’s stock, valued at $2,436,564.08. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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