Voya Financial, Inc. (VOYA) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 59.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,733 shares of the asset manager’s stock after selling 197,702 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.08% of Voya Financial worth $5,414,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Partners Capital Investment Group Holdings LLC purchased a new stake in shares of Voya Financial during the third quarter worth approximately $646,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Voya Financial by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,000 shares of the asset manager’s stock worth $2,844,000 after purchasing an additional 1,400 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Voya Financial during the third quarter worth approximately $274,000. Mackenzie Financial Corp raised its stake in shares of Voya Financial by 437.6% during the third quarter. Mackenzie Financial Corp now owns 201,376 shares of the asset manager’s stock worth $8,033,000 after purchasing an additional 163,919 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Voya Financial by 107.0% during the third quarter. Stifel Financial Corp now owns 76,276 shares of the asset manager’s stock worth $3,044,000 after purchasing an additional 39,423 shares during the last quarter. 96.91% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on VOYA shares. Wells Fargo & Company restated a “buy” rating on shares of Voya Financial in a research note on Friday, December 8th. Sandler O’Neill upgraded Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group started coverage on Voya Financial in a research report on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.70.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same quarter in the previous year, the company posted ($1.24) EPS. sell-side analysts anticipate that Voya Financial, Inc. will post 3 EPS for the current fiscal year.
The company also recently declared 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s dividend payout ratio is currently -2.23%.
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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