Sciencast Management LP Lowers Stake in Voya Financial, Inc. (VOYA)
Sciencast Management LP cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,098 shares of the asset manager’s stock after selling 1,028 shares during the period. Sciencast Management LP’s holdings in Voya Financial were worth $446,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlueCrest Capital Management Ltd grew its stake in shares of Voya Financial by 1,271.8% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 265,697 shares of the asset manager’s stock valued at $9,802,000 after buying an additional 246,329 shares during the period. State Street Corp grew its stake in shares of Voya Financial by 1.0% during the 2nd quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock valued at $207,554,000 after buying an additional 56,189 shares during the period. Janus Henderson Group PLC grew its stake in shares of Voya Financial by 100.9% during the 2nd quarter. Janus Henderson Group PLC now owns 43,590 shares of the asset manager’s stock valued at $1,608,000 after buying an additional 21,890 shares during the period. Signet Financial Management LLC grew its stake in shares of Voya Financial by 1.7% during the 2nd quarter. Signet Financial Management LLC now owns 133,848 shares of the asset manager’s stock valued at $4,938,000 after buying an additional 2,226 shares during the period. Finally, Prudential PLC grew its stake in shares of Voya Financial by 60.6% during the 2nd quarter. Prudential PLC now owns 237,439 shares of the asset manager’s stock valued at $8,759,000 after buying an additional 89,632 shares during the period. 97.59% of the stock is owned by institutional investors.
In other Voya Financial news, insider Kevin D. Silva sold 8,500 shares of the firm’s 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 directly owns 5,379 shares in the company, valued at approximately $216,666.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.
Shares of Voya Financial, Inc. (NYSE VOYA) traded down 0.25% during trading on Friday, reaching $40.70. 1,296,309 shares of the company’s stock were exchanged. Voya Financial, Inc. has a 52-week low of $28.96 and a 52-week high of $42.96. The company has a 50 day moving average of $38.43 and a 200 day moving average of $37.46. The firm’s market capitalization is $7.31 billion.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) 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 firm had revenue of $272.90 million during the quarter, compared to analyst estimates of $318.84 million. During the same quarter in the previous year, the business posted $0.79 earnings per share. Equities analysts anticipate that Voya Financial, Inc. will post $3.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.04 annualized dividend and a yield of 0.10%. Voya Financial’s dividend payout ratio is -1.04%.
Several brokerages have recently issued reports on VOYA. BidaskClub raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $46.00 price objective (up from $44.00) on shares of Voya Financial in a research note on Wednesday, August 9th. Finally, ValuEngine cut shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Voya Financial has an average rating of “Buy” and an average target price of $47.00.
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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