Johnson Financial Group Inc. cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,020 shares of the asset manager’s stock after selling 2,545 shares during the quarter. Johnson Financial Group Inc.’s holdings in Voya Financial were worth $1,071,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of Voya Financial by 1.7% during the second quarter. Franklin Resources Inc. now owns 13,647,536 shares of the asset manager’s stock worth $503,475,000 after purchasing an additional 233,423 shares during the period. BlackRock Inc. lifted its holdings in shares of Voya Financial by 3,875.4% during the first quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock worth $404,319,000 after purchasing an additional 10,383,288 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Voya Financial by 28.0% during the second quarter. JPMorgan Chase & Co. now owns 5,655,104 shares of the asset manager’s stock worth $208,617,000 after purchasing an additional 1,236,885 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Voya Financial by 88.8% during the first quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock worth $95,841,000 after purchasing an additional 1,187,263 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Voya Financial by 87.9% during the first quarter. Bank of America Corp DE now owns 2,042,884 shares of the asset manager’s stock worth $77,548,000 after purchasing an additional 955,465 shares during the period. 97.59% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of Voya Financial in a research report on Wednesday, September 6th. BidaskClub cut Voya Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine cut Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.11.
In other news, insider Kevin D. Silva sold 8,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at $216,666.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.
Voya Financial, Inc. (NYSE:VOYA) opened at 39.47 on Friday. The stock’s market cap is $7.09 billion. Voya Financial, Inc. has a 12 month low of $27.73 and a 12 month high of $42.96. The stock has a 50 day moving average price of $38.31 and a 200-day moving average price of $37.49.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.18). The firm had revenue of $272.90 million during the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same quarter last year, the company earned $0.79 EPS. On average, analysts expect that Voya Financial, Inc. will post $3.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently -1.04%.
Voya Financial Company Profile
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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