Utah Retirement Systems decreased its position in shares of Voya Financial Inc (NYSE:VOYA) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,800 shares of the asset manager’s stock after selling 1,400 shares during the period. Utah Retirement Systems’ holdings in Voya Financial were worth $1,480,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. JBF Capital Inc. bought a new position in Voya Financial during the third quarter valued at $124,000. Cerebellum GP LLC purchased a new stake in shares of Voya Financial during the third quarter valued at $184,000. Raymond James Trust N.A. purchased a new stake in shares of Voya Financial during the third quarter valued at $203,000. Tower Research Capital LLC TRC purchased a new stake in shares of Voya Financial during the second quarter valued at $194,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Voya Financial during the second quarter valued at $195,000.
A number of analysts have recently issued reports on VOYA shares. ValuEngine lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Royal Bank of Canada lowered their target price on shares of Voya Financial to $55.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. Credit Suisse Group lowered their target price on shares of Voya Financial from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Morgan Stanley lowered their target price on shares of Voya Financial from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $59.00.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, October 30th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.15. Voya Financial had a negative net margin of 28.31% and a positive return on equity of 7.01%. The firm had revenue of $163.00 million during the quarter, compared to analyst estimates of $297.80 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Analysts predict that Voya Financial Inc will post 4.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, November 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, November 29th. Voya Financial’s dividend payout ratio (DPR) is presently 1.33%.
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Voya Financial Profile
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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