Voya Financial Inc (NYSE:VOYA) Shares Sold by Tiverton Asset Management LLC
Tiverton Asset Management LLC lowered its position in shares of Voya Financial Inc (NYSE:VOYA) by 28.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,714 shares of the asset manager’s stock after selling 2,297 shares during the quarter. Tiverton Asset Management LLC’s holdings in Voya Financial were worth $316,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Voya Financial by 2,380.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 496 shares of the asset manager’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Hexavest Inc. acquired a new stake in shares of Voya Financial during the second quarter worth about $30,000. ETF Managers Group LLC purchased a new stake in Voya Financial in the first quarter valued at approximately $142,000. Cerebellum GP LLC purchased a new stake in Voya Financial in the first quarter valued at approximately $176,000. Finally, Schroder Investment Management Group increased its holdings in Voya Financial by 22.6% in the 2nd quarter. Schroder Investment Management Group now owns 3,800 shares of the asset manager’s stock worth $210,000 after buying an additional 700 shares during the period.
A number of equities analysts have issued reports on VOYA shares. Morgan Stanley reduced their price target on shares of Voya Financial from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Royal Bank of Canada set a $60.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, ValuEngine lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $59.00.
Shares of NYSE VOYA traded down $0.10 during trading on Wednesday, reaching $52.97. 41,962 shares of the company traded hands, compared to its average volume of 1,350,714. The stock has a market cap of $7.29 billion, a P/E ratio of 13.10, a PEG ratio of 0.50 and a beta of 1.49. The firm’s fifty day simple moving average is $51.48 and its 200 day simple moving average is $52.71. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.47. Voya Financial Inc has a 12-month low of $36.66 and a 12-month high of $57.57.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 6th. The asset manager reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. Voya Financial had a return on equity of 8.47% and a net margin of 6.16%. The company had revenue of $278.00 million during the quarter, compared to analysts’ expectations of $314.19 million. During the same period last year, the business earned $1.13 earnings per share. As a group, research analysts expect that Voya Financial Inc will post 5.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, August 28th. This is a positive change from Voya Financial’s previous quarterly dividend of $0.01. Voya Financial’s dividend payout ratio is currently 14.85%.
Voya Financial Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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