Honeywell International Inc. reduced its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 626,500 shares of the asset manager’s stock after selling 199,500 shares during the period. Honeywell International Inc. owned approximately 0.35% of Voya Financial worth $30,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in VOYA. Alyeska Investment Group L.P. increased its position in Voya Financial by 956.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock valued at $14,744,000 after buying an additional 334,624 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Voya Financial by 56.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 910,216 shares of the asset manager’s stock valued at $45,030,000 after buying an additional 327,578 shares in the last quarter. Bank of New York Mellon Corp increased its position in Voya Financial by 5.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock valued at $256,727,000 after buying an additional 323,678 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Voya Financial during the 4th quarter valued at about $13,515,000. Finally, Scout Investments Inc. increased its position in Voya Financial by 42.9% during the 3rd quarter. Scout Investments Inc. now owns 775,140 shares of the asset manager’s stock valued at $30,920,000 after buying an additional 232,871 shares in the last quarter. 97.45% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on VOYA shares. Wells Fargo & Co set a $50.00 target price on Voya Financial and gave the company a “buy” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reissued a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a report on Thursday, November 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a report on Friday, November 10th. Sandler O’Neill raised Voya Financial from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Finally, Evercore ISI raised Voya Financial from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $47.00 to $60.00 in a report on Thursday, December 21st. One research 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.00.
Voya Financial Inc (VOYA) opened at $50.63 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $9,100.59, a PE ratio of 17.70, a PEG ratio of 0.65 and a beta of 1.61. Voya Financial Inc has a 1-year low of $33.53 and a 1-year high of $54.87.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $2.19 billion for the quarter. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. sell-side analysts anticipate that Voya Financial Inc will post 4.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Tuesday, February 27th. Voya Financial’s dividend payout ratio (DPR) is -0.24%.
Voya Financial announced that its board has approved a stock repurchase program on Tuesday, February 13th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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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