Eii Capital Management Inc. increased its stake in Voya Financial, Inc. (NYSE:VOYA) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,700 shares of the asset manager’s stock after buying an additional 8,650 shares during the period. Eii Capital Management Inc.’s holdings in Voya Financial were worth $2,793,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Capital Fund Management S.A. bought a new stake in Voya Financial during the first quarter valued at $16,414,000. Montag A & Associates Inc. bought a new stake in Voya Financial during the first quarter valued at $4,659,000. LSV Asset Management increased its stake in Voya Financial by 1.1% in the first quarter. LSV Asset Management now owns 2,919,500 shares of the asset manager’s stock valued at $110,824,000 after buying an additional 31,100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Voya Financial by 7.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,699 shares of the asset manager’s stock valued at $1,203,000 after buying an additional 2,225 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Voya Financial during the first quarter valued at $152,000. 97.61% of the stock is owned by institutional investors.
Shares of Voya Financial, Inc. (VOYA) opened at 37.87 on Wednesday. Voya Financial, Inc. has a 12 month low of $27.73 and a 12 month high of $42.96. The company’s 50 day moving average is $38.33 and its 200-day moving average is $37.99. The company’s market cap is $6.81 billion.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.18. The company 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 period last year, the firm earned $0.79 EPS. Analysts expect that Voya Financial, Inc. will post $3.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently -1.04%.
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Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 target price (up previously from $44.00) on shares of Voya Financial in a research report on Wednesday, August 9th. ValuEngine downgraded shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st. One equities 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’s stock. The company has an average rating of “Buy” and a consensus price target of $46.11.
In other Voya Financial news, insider Kevin D. Silva sold 8,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the transaction, the insider now owns 5,379 shares of the company’s stock, valued at $216,666.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Rodney O. Martin, Jr. bought 8,475 shares of the stock in a transaction on Friday, June 2nd. The shares were acquired at an average cost of $35.29 per share, with a total value of $299,082.75. Following the purchase, the chairman now owns 114,221 shares of the company’s stock, valued at approximately $4,030,859.09. The disclosure for this purchase can be found here. 0.24% of the stock is owned by insiders.
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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