Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 6.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 477,434 shares of the asset manager’s stock after selling 32,467 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.27% of Voya Financial worth $19,045,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bessemer Group Inc. increased its stake in Voya Financial by 0.3% in the 2nd quarter. Bessemer Group Inc. now owns 20,110 shares of the asset manager’s stock valued at $742,000 after buying an additional 63 shares during the period. Lazard Asset Management LLC increased its stake in Voya Financial by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 20,291 shares of the asset manager’s stock valued at $748,000 after buying an additional 176 shares during the period. Toronto Dominion Bank boosted its position in shares of 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 purchasing an additional 199 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of 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 purchasing an additional 321 shares in the last quarter. Finally, BKS Advisors LLC boosted its position in shares of Voya Financial by 2.9% during the 2nd quarter. BKS Advisors LLC now owns 14,265 shares of the asset manager’s stock worth $526,000 after purchasing an additional 400 shares in the last quarter. 96.91% of the stock is currently owned by institutional investors.
Several brokerages have commented on VOYA. BidaskClub lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Royal Bank Of Canada restated a “buy” rating and set a $46.00 target price on shares of Voya Financial in a research report on Wednesday, September 6th. Wells Fargo & Company set a $50.00 target price on shares of Voya Financial and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods restated a “buy” rating and set a $51.00 target price on shares of Voya Financial in a research report on Friday, November 10th. Finally, Goldman Sachs Group began coverage on shares of Voya Financial in a research report on Wednesday, October 18th. They set a “buy” rating and a $46.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.70.
Shares of Voya Financial, Inc. (NYSE:VOYA) opened at $44.16 on Friday. Voya Financial, Inc. has a 1 year low of $33.53 and a 1 year high of $45.75. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market cap of $8,040.08, a PE ratio of 15.42, a P/E/G ratio of 0.82 and a beta of 1.65.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The business had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. During the same quarter in the prior year, the firm earned ($1.24) earnings per share. analysts anticipate that Voya Financial, Inc. will post 3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. Voya Financial’s dividend payout ratio is presently -2.23%.
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Voya Financial 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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