Voya Financial, Inc. (VOYA) Stake Decreased by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,714 shares of the asset manager’s stock after selling 1,049 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of Voya Financial worth $6,224,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its position 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 purchasing an additional 2,663 shares in the last quarter. Paragon Capital Management Ltd acquired a new stake in Voya Financial during the 2nd quarter worth approximately $239,000. M&T Bank Corp increased its position in Voya Financial by 17.3% during the 1st quarter. M&T Bank Corp now owns 6,847 shares of the asset manager’s stock worth $260,000 after purchasing an additional 1,012 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Voya Financial during the 2nd quarter worth approximately $254,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Voya Financial during the 1st quarter worth approximately $269,000. Institutional investors and hedge funds own 97.59% of the company’s stock.
Voya Financial, Inc. (VOYA) opened at 39.91 on Thursday. Voya Financial, Inc. has a 1-year low of $28.96 and a 1-year high of $42.96. The stock’s 50 day moving average price is $38.28 and its 200 day moving average price is $37.42. The stock’s market capitalization is $7.17 billion.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.18). The business had revenue of $272.90 million during the quarter, compared to the consensus estimate of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same period in the prior year, the firm earned $0.79 earnings per share. Equities research analysts forecast that Voya Financial, Inc. will post $3.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, August 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend was Tuesday, August 29th. Voya Financial’s dividend payout ratio is -1.04%.
In related news, insider Kevin D. Silva sold 8,500 shares of the business’s stock in a transaction on 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 owns 5,379 shares of the company’s stock, valued at approximately $216,666.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by insiders.
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VOYA has been the subject of a number of research analyst reports. BidaskClub raised shares of Voya Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. 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. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Voya Financial currently has an average rating of “Buy” and an average target price of $46.11.
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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