Victory Capital Management Inc. Sells 16,693 Shares of Voya Financial, Inc. (VOYA)
Victory Capital Management Inc. decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,882 shares of the asset manager’s stock after selling 16,693 shares during the quarter. Victory Capital Management Inc. owned 0.19% of Voya Financial worth $13,598,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VOYA. JPMorgan Chase & Co. grew its holdings 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 in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Voya Financial by 33.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock valued at $124,051,000 after acquiring an additional 837,925 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Voya Financial during the second quarter worth about $25,823,000. ALGEBRIS UK Ltd bought a new position in Voya Financial during the second quarter worth about $23,060,000. Finally, Scout Investments Inc. bought a new position in Voya Financial during the second quarter worth about $20,004,000. 96.62% of the stock is currently owned by hedge funds and other institutional investors.
Voya Financial, Inc. (VOYA) opened at $41.04 on Tuesday. The stock has a market cap of $7,317.50, a price-to-earnings ratio of 14.04, a PEG ratio of 0.73 and a beta of 1.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14. Voya Financial, Inc. has a 1-year low of $33.53 and a 1-year high of $42.96.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The business had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. During the same period in the prior year, the firm earned ($1.24) EPS. research analysts predict that Voya Financial, Inc. will post 3.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. Voya Financial’s dividend payout ratio is -2.23%.
Voya Financial announced that its Board of Directors has approved a share buyback plan on Tuesday, October 31st that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the asset manager to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
VOYA has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on Voya Financial in a report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price target for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $50.00 price target on shares of Voya Financial in a report on Thursday, November 2nd. ValuEngine cut Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. Finally, BidaskClub cut Voya Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. One 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. Voya Financial has a consensus rating of “Buy” and a consensus price target of $47.70.
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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