Principal Financial Group Inc. Sells 2,981 Shares of Voya Financial, Inc. (VOYA)
Principal Financial Group Inc. trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,233 shares of the asset manager’s stock after selling 2,981 shares during the period. Principal Financial Group Inc.’s holdings in Voya Financial were worth $857,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in VOYA. US Bancorp DE lifted its holdings in Voya Financial by 135.7% in the 1st quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock valued at $176,000 after purchasing an additional 2,663 shares in the last quarter. Comerica Bank lifted its holdings in Voya Financial by 19.5% in the 1st quarter. Comerica Bank now owns 11,847 shares of the asset manager’s stock valued at $446,000 after purchasing an additional 1,934 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Voya Financial by 61.0% in the 1st quarter. Ameriprise Financial Inc. now owns 175,618 shares of the asset manager’s stock valued at $6,667,000 after purchasing an additional 66,555 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Voya Financial by 1.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,760 shares of the asset manager’s stock valued at $486,000 after purchasing an additional 126 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in Voya Financial by 17.3% in the 1st quarter. M&T Bank Corp now owns 6,847 shares of the asset manager’s stock valued at $260,000 after purchasing an additional 1,012 shares in the last quarter. Institutional investors own 97.59% of the company’s stock.
A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $46.00 target price on shares of Voya Financial in a report on Wednesday, September 6th. ValuEngine lowered shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.00.
In other Voya Financial news, insider Kevin D. Silva sold 8,500 shares of the firm’s 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 completion of the sale, the insider now directly owns 5,379 shares in the company, valued at approximately $216,666.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.24% of the company’s stock.
Voya Financial, Inc. (NYSE:VOYA) opened at 40.43 on Wednesday. Voya Financial, Inc. has a one year low of $28.96 and a one year high of $42.96. The stock’s market capitalization is $7.27 billion. The stock’s 50 day moving average is $38.63 and its 200 day moving average is $37.50.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data 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 positive return on equity of 3.68% and a negative net margin of 7.67%. The business had revenue of $272.90 million for 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. On average, equities analysts forecast that Voya Financial, Inc. will post $3.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. Voya Financial’s payout ratio is presently -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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