Ameriprise Financial Inc. lifted its stake in Voya Financial Inc (NYSE:VOYA) by 9.9% during the 3rd quarter, Holdings Channel reports. The firm owned 26,045 shares of the asset manager’s stock after acquiring an additional 2,337 shares during the period. Ameriprise Financial Inc.’s holdings in Voya Financial were worth $1,039,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of VOYA. Toronto Dominion Bank raised its stake in Voya Financial by 7.9% during the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after buying an additional 199 shares during the period. Reliance Trust Co. of Delaware acquired a new stake in Voya Financial during the 3rd quarter worth $215,000. TLP Group LLC acquired a new stake in Voya Financial during the 2nd quarter worth $262,000. The Manufacturers Life Insurance Company raised its stake in Voya Financial by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock worth $276,000 after buying an additional 321 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Voya Financial during the 2nd quarter worth $293,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
Several analysts have issued reports on the company. BidaskClub raised Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Evercore ISI raised Voya Financial to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, December 27th. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 price target on shares of Voya Financial in a research note on Friday, December 22nd. Wells Fargo & Co reissued a “buy” rating and issued a $58.00 price target on shares of Voya Financial in a research note on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $55.00 price target on shares of Voya Financial in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Voya Financial presently has an average rating of “Buy” and an average target price of $52.18.
Voya Financial (NYSE:VOYA) last released its quarterly earnings results 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 firm had revenue of $226.50 million during the quarter, compared to analyst estimates of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same period in the prior year, the business earned ($1.24) EPS. equities research analysts forecast that Voya Financial Inc will post 2.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. The ex-dividend date was Wednesday, November 29th. Voya Financial’s payout ratio is -2.25%.
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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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