BlackRock Inc. Has $402.88 Million Holdings in Voya Financial, Inc. (VOYA)
BlackRock Inc. raised its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,921,195 shares of the asset manager’s stock after acquiring an additional 269,982 shares during the quarter. BlackRock Inc. owned approximately 5.87% of Voya Financial worth $402,882,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. lifted its holdings in shares of Voya Financial by 0.3% during the second quarter. Bessemer Group Inc. now owns 20,110 shares of the asset manager’s stock valued at $742,000 after acquiring an additional 63 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Voya Financial by 1.0% during the first quarter. Envestnet Asset Management Inc. now owns 12,760 shares of the asset manager’s stock valued at $486,000 after acquiring an additional 126 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Voya Financial by 0.5% during the first quarter. Mackenzie Financial Corp now owns 51,119 shares of the asset manager’s stock valued at $1,940,000 after acquiring an additional 275 shares during the period. BKS Advisors LLC lifted its holdings in shares of Voya Financial by 2.9% during the second quarter. BKS Advisors LLC now owns 14,265 shares of the asset manager’s stock valued at $526,000 after acquiring an additional 400 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in shares of Voya Financial by 4.8% during the first quarter. TD Asset Management Inc. now owns 12,144 shares of the asset manager’s stock valued at $461,000 after acquiring an additional 560 shares during the period. 97.59% of the stock is owned by institutional investors.
In related news, insider Kevin D. Silva sold 8,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total value of $342,380.00. Following the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at $216,666.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.
A number of brokerages have issued reports on VOYA. BidaskClub raised Voya Financial from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 price target (up from $44.00) on shares of Voya Financial in a report on Wednesday, August 9th. Finally, ValuEngine cut Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Voya Financial currently has a consensus rating of “Buy” and a consensus price target of $46.11.
Voya Financial, Inc. (NYSE VOYA) opened at 40.62 on Thursday. The company’s market capitalization is $7.30 billion. Voya Financial, Inc. has a 12-month low of $27.73 and a 12-month high of $42.96. The company has a 50 day moving average price of $38.31 and a 200-day moving average price of $37.49.
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). The business had revenue of $272.90 million during the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period last year, the business earned $0.79 earnings per share. On average, analysts anticipate that Voya Financial, Inc. will post $3.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.10%. The ex-dividend date is Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently -1.04%.
About Voya Financial
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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