Bank of America Corp DE raised its position in Voya Financial, Inc. (NYSE:VOYA) by 87.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,042,884 shares of the asset manager’s stock after buying an additional 955,465 shares during the period. Bank of America Corp DE owned approximately 1.10% of Voya Financial worth $77,548,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new stake in Voya Financial during the first quarter worth $119,000. Cantab Capital Partners LLP purchased a new stake in Voya Financial during the fourth quarter valued at approximately $125,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Voya Financial during the fourth quarter valued at approximately $125,000. Advisory Services Network LLC purchased a new stake in Voya Financial during the first quarter valued at approximately $152,000. Finally, Coconut Grove Bank raised its stake in Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock valued at $161,000 after buying an additional 1,960 shares during the period.
Shares of Voya Financial, Inc. (NYSE:VOYA) traded down 0.05% during trading on Friday, reaching $37.48. 1,220,734 shares of the company were exchanged. The stock’s 50 day moving average is $35.87 and its 200 day moving average is $38.49. Voya Financial, Inc. has a 1-year low of $22.75 and a 1-year high of $42.96. The company’s market capitalization is $6.97 billion.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, May 3rd. The asset manager reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Voya Financial had a negative net margin of 7.64% and a positive return on equity of 3.78%. The business had revenue of $303.20 million for the quarter, compared to the consensus estimate of $293.84 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Equities analysts anticipate that Voya Financial, Inc. will post $3.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Wednesday, May 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Friday, May 26th. Voya Financial’s dividend payout ratio is currently -1.02%.
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Several research firms have commented on VOYA. BidaskClub lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. J P Morgan Chase & Co decreased their price target on shares of Voya Financial from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Monday, April 3rd. Citigroup Inc. set a $51.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research note on Monday, May 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a report on Monday, April 10th. Finally, Morgan Stanley raised their price target on shares of Voya Financial from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.50.
In other news, insider Michael S. Smith purchased 5,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $35.24 per share, for a total transaction of $176,200.00. Following the acquisition, the insider now owns 69,142 shares of the company’s stock, valued at $2,436,564.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alain M. Karaoglan sold 28,899 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $37.50, for a total transaction of $1,083,712.50. Following the completion of the sale, the insider now owns 6,637 shares in the company, valued at $248,887.50. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
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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