Voya Financial, Inc. (VOYA) Stake Held by Nordea Investment Management AB
Nordea Investment Management AB continued to hold its position in Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,875 shares of the asset manager’s stock at the close of the 2nd quarter. Nordea Investment Management AB’s holdings in Voya Financial were worth $2,172,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Voya Financial by 3,875.4% in the first quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock worth $404,319,000 after acquiring an additional 10,383,288 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Voya Financial by 28.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,655,104 shares of the asset manager’s stock valued at $208,617,000 after acquiring an additional 1,236,885 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Voya Financial by 88.8% in 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 acquiring an additional 1,187,263 shares during the period. Bank of America Corp DE raised its stake in shares of Voya Financial by 87.9% in the 1st quarter. Bank of America Corp DE now owns 2,042,884 shares of the asset manager’s stock valued at $77,548,000 after acquiring an additional 955,465 shares during the period. Finally, Morgan Stanley raised its stake in shares of Voya Financial by 242.0% in the 1st quarter. Morgan Stanley now owns 1,166,943 shares of the asset manager’s stock valued at $44,296,000 after acquiring an additional 825,737 shares during the period. 97.59% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at approximately $216,666.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.
A number of brokerages recently weighed in on VOYA. 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 reiterated 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 lowered Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. One investment 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. The stock has an average rating of “Buy” and a consensus price target of $46.11.
Voya Financial, Inc. (NYSE VOYA) opened at 39.98 on Tuesday. The firm’s market cap is $7.18 billion. The firm has a 50-day moving average of $38.22 and a 200-day moving average of $37.41. Voya Financial, Inc. has a one year low of $28.75 and a one year high of $42.96.
Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the Zacks’ 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 3.68%. The firm had revenue of $272.90 million during the quarter, compared to the consensus estimate of $318.84 million. During the same period in the prior year, the business earned $0.79 EPS. Analysts anticipate that Voya Financial, Inc. will post $3.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors 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 dividend payout ratio is currently -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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