Sciencast Management LP bought a new position in Voya Financial Inc (NYSE:VOYA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,367 shares of the asset manager’s stock, valued at approximately $398,000.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Voya Financial by 1.8% in the 4th quarter. BlackRock Inc. now owns 10,571,994 shares of the asset manager’s stock worth $522,996,000 after purchasing an additional 187,198 shares during the period. Bank of New York Mellon Corp raised its holdings in Voya Financial by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock worth $256,727,000 after purchasing an additional 323,678 shares during the period. Acadian Asset Management LLC raised its holdings in Voya Financial by 2.2% in the 4th quarter. Acadian Asset Management LLC now owns 4,884,575 shares of the asset manager’s stock worth $241,642,000 after purchasing an additional 105,752 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Voya Financial by 470.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,000,123 shares of the asset manager’s stock worth $98,946,000 after purchasing an additional 1,649,729 shares during the period. Finally, Clearbridge LLC raised its holdings in Voya Financial by 27.2% in the 4th quarter. Clearbridge LLC now owns 1,289,706 shares of the asset manager’s stock worth $63,802,000 after purchasing an additional 275,465 shares during the period.
VOYA has been the topic of a number of recent research reports. ValuEngine upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $55.00 price target on shares of Voya Financial in a research note on Friday, December 22nd. Wells Fargo reiterated a “buy” rating and issued a $58.00 price target on shares of Voya Financial in a research note on Friday, December 22nd. SunTrust Banks increased their price target on Voya Financial to $54.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. Finally, Evercore ISI upgraded Voya Financial to a “buy” rating and set a $60.00 price target for the company in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.00.
Shares of Voya Financial Inc (NYSE VOYA) opened at $53.51 on Friday. Voya Financial Inc has a 12 month low of $33.53 and a 12 month high of $54.87. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $9,305.40, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.56.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.17. The firm had revenue of $2.19 billion during the quarter. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. equities analysts expect that Voya Financial Inc will post 4.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. Voya Financial’s payout ratio is -0.24%.
Voya Financial declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Kevin D. Silva sold 895 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.77, for a total transaction of $45,439.15. Following the completion of the transaction, the insider now owns 9,299 shares in the company, valued at $472,110.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kevin D. Silva sold 5,480 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $51.70, for a total value of $283,316.00. Following the transaction, the insider now owns 14,577 shares of the company’s stock, valued at approximately $753,630.90. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
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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