Parametric Portfolio Associates LLC Has $71.17 Million Stock Position in Voya Financial Inc (NYSE:VOYA)
Parametric Portfolio Associates LLC lifted its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 0.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,286,972 shares of the asset manager’s stock after buying an additional 4,140 shares during the period. Parametric Portfolio Associates LLC owned about 0.89% of Voya Financial worth $71,170,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. H2O AM LLP grew its position in shares of Voya Financial by 30.0% in the 2nd quarter. H2O AM LLP now owns 241,391 shares of the asset manager’s stock valued at $13,348,000 after buying an additional 55,702 shares during the last quarter. Ossiam bought a new stake in shares of Voya Financial in the 2nd quarter valued at about $307,000. Seeyond grew its position in shares of Voya Financial by 9.1% in the 2nd quarter. Seeyond now owns 8,928 shares of the asset manager’s stock valued at $494,000 after buying an additional 742 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of Voya Financial by 48.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 64,453 shares of the asset manager’s stock valued at $3,564,000 after buying an additional 21,017 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in shares of Voya Financial in the 2nd quarter valued at about $4,273,000.
In other news, Director Byron H. Pollitt, Jr. purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $49.30 per share, with a total value of $49,300.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.69% of the stock is owned by corporate insiders.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, August 6th. The asset manager reported $1.52 EPS 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 for the quarter, compared to analyst estimates of $314.19 million. During the same quarter in the prior year, the company earned $1.13 EPS. Equities research analysts anticipate that Voya Financial Inc will post 5.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be given a dividend of $0.15 per share. This is a positive change from Voya Financial’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.09%. Voya Financial’s dividend payout ratio is presently 14.85%.
A number of equities research analysts have commented on the company. Goldman Sachs Group upgraded Voya Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday. Citigroup reduced their price target on Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley reduced their price target on Voya Financial from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Royal Bank of Canada set a $60.00 price target on Voya Financial and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, ValuEngine lowered Voya Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $59.50.
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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