Voya Financial, Inc. (VOYA) Shares Bought by Poplar Forest Capital LLC
Poplar Forest Capital LLC boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 39.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,550 shares of the asset manager’s stock after buying an additional 5,000 shares during the period. Poplar Forest Capital LLC’s holdings in Voya Financial were worth $700,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its stake in shares of Voya Financial by 56.5% in 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 in the last quarter. OxFORD Asset Management LLP grew its stake in shares of Voya Financial by 16.2% in the second quarter. OxFORD Asset Management LLP now owns 53,472 shares of the asset manager’s stock valued at $1,973,000 after buying an additional 7,452 shares in the last quarter. State Street Corp grew its stake in shares of Voya Financial by 1.0% in the second 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 in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Voya Financial by 8.8% in 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 in the last quarter. Finally, Scout Investments Inc. bought a new position in shares of Voya Financial in the second quarter valued at $20,004,000. Hedge funds and other institutional investors own 96.91% of the company’s stock.
Several research firms recently weighed in on VOYA. Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $51.00 target price on shares of Voya Financial in a research note on Friday, November 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $50.00 price objective on shares of Voya Financial in a research report on Thursday, November 2nd. Wells Fargo & Company set a $50.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Goldman Sachs Group began coverage on shares of Voya Financial in a research report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.70.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same period in the previous year, the firm posted ($1.24) EPS. equities analysts anticipate that Voya Financial, Inc. will post 3.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. Voya Financial’s payout ratio is presently -2.25%.
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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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