Vanguard Group Inc. Has $566.27 Million Stake in Voya Financial, Inc. (VOYA)
Vanguard Group Inc. lifted its holdings in Voya Financial, Inc. (NYSE:VOYA) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,350,277 shares of the asset manager’s stock after purchasing an additional 125,764 shares during the quarter. Vanguard Group Inc. owned about 8.26% of Voya Financial worth $566,271,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of VOYA. US Bancorp DE grew its stake in Voya Financial by 135.7% during the 1st quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock worth $176,000 after buying an additional 2,663 shares during the last quarter. Comerica Bank increased its position in Voya Financial by 19.5% during the 1st quarter. Comerica Bank now owns 11,847 shares of the asset manager’s stock valued at $446,000 after buying an additional 1,934 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Voya Financial by 88.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock valued at $95,841,000 after buying an additional 1,187,263 shares in the last quarter. TD Asset Management Inc. increased its position in Voya Financial by 4.8% during the 1st quarter. TD Asset Management Inc. now owns 12,144 shares of the asset manager’s stock valued at $461,000 after buying an additional 560 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Voya Financial by 61.0% during the 1st quarter. Ameriprise Financial Inc. now owns 175,618 shares of the asset manager’s stock valued at $6,667,000 after buying an additional 66,555 shares in the last quarter. 97.59% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Kevin D. Silva sold 8,500 shares of Voya Financial stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the sale, the insider now owns 5,379 shares in the company, valued at $216,666.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.
A number of equities research analysts have commented on VOYA shares. BidaskClub upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Royal Bank Of Canada restated a “buy” rating and set a $46.00 price target on shares of Voya Financial in a research note on Wednesday, September 6th. ValuEngine lowered Voya Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Voya Financial in a research note on Tuesday, August 1st. One 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 has a consensus rating of “Buy” and a consensus target price of $46.11.
Voya Financial, Inc. (NYSE VOYA) opened at 39.89 on Monday. Voya Financial, Inc. has a one year low of $28.26 and a one year high of $42.96. The firm’s market capitalization is $7.17 billion. The stock 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 announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.18). Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. The company had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $318.84 million. During the same period last year, the firm earned $0.79 earnings per share. On average, analysts predict that Voya Financial, Inc. will post $3.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, August 29th. Voya Financial’s payout ratio is -1.04%.
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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