Advisory Research Inc. Continues to Hold Position in Voya Financial, Inc. (VOYA)
Advisory Research Inc. held its stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 590,463 shares of the asset manager’s stock at the close of the 2nd quarter. Advisory Research Inc. owned approximately 0.33% of Voya Financial worth $22,414,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in Voya Financial by 56.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock valued at $410,000 after buying an additional 4,002 shares during the period. Paragon Capital Management Ltd bought a new stake in Voya Financial during the second quarter valued at approximately $239,000. State Board of Administration of Florida Retirement System grew its position in Voya Financial by 8.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 238,126 shares of the asset manager’s stock valued at $8,784,000 after buying an additional 19,240 shares during the period. Scout Investments Inc. bought a new stake in Voya Financial during the second quarter valued at approximately $20,004,000. Finally, State of Wisconsin Investment Board grew its position in Voya Financial by 25.9% during the second quarter. State of Wisconsin Investment Board now owns 156,435 shares of the asset manager’s stock valued at $5,771,000 after buying an additional 32,150 shares during the period. Institutional investors own 97.59% of the company’s stock.
Voya Financial, Inc. (NYSE VOYA) traded down 0.25% during trading on Friday, hitting $40.70. 1,296,309 shares of the company’s stock were exchanged. Voya Financial, Inc. has a 12-month low of $28.96 and a 12-month high of $42.96. The firm’s market cap is $7.31 billion. The company’s 50-day moving average price is $38.43 and its 200 day moving average price is $37.46.
Voya Financial (NYSE:VOYA) last posted its earnings results 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 firm had revenue of $272.90 million for the quarter, compared to analysts’ expectations 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 firm earned $0.79 earnings per share. Equities analysts forecast that Voya Financial, Inc. will post $3.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders 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 was Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is -1.04%.
Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Royal Bank Of Canada upped their price target on shares of Voya Financial from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.00.
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In related news, insider Kevin D. Silva sold 8,500 shares of Voya Financial stock in a transaction on Thursday, August 3rd. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.
Voya Financial 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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