Scout Investments Inc. Trims Position in Voya Financial Inc (VOYA)
Scout Investments Inc. lessened its stake in Voya Financial Inc (NYSE:VOYA) by 25.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,198,493 shares of the asset manager’s stock after selling 405,004 shares during the period. Voya Financial comprises 1.2% of Scout Investments Inc.’s portfolio, making the stock its 18th biggest holding. Scout Investments Inc.’s holdings in Voya Financial were worth $48,108,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service bought a new position in Voya Financial during the third quarter worth about $116,000. JBF Capital Inc. bought a new position in Voya Financial during the third quarter worth about $124,000. Cerebellum GP LLC bought a new position in Voya Financial during the third quarter worth about $184,000. Raymond James Trust N.A. bought a new position in Voya Financial during the third quarter worth about $203,000. Finally, Tower Research Capital LLC TRC bought a new position in Voya Financial during the second quarter worth about $194,000.
Shares of NYSE VOYA traded up $0.30 during mid-day trading on Friday, hitting $42.45. 2,165,800 shares of the stock were exchanged, compared to its average volume of 1,798,350. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 14.10 and a beta of 1.38. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60. Voya Financial Inc has a twelve month low of $36.66 and a twelve month high of $55.27.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Investors of record on Friday, November 30th were issued 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 was Thursday, November 29th. Voya Financial’s dividend payout ratio is currently 1.33%.
A number of research analysts have commented on VOYA shares. ValuEngine cut shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Credit Suisse Group dropped their price objective on shares of Voya Financial from $62.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Morgan Stanley dropped their price objective on shares of Voya Financial from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, October 31st. Royal Bank of Canada dropped their price objective on shares of Voya Financial to $55.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $53.00 to $52.00 and set an “underweight” rating for the company in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $58.09.
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About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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