BlackRock Inc. cut its position in Voya Financial Inc (NYSE:VOYA) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,419,022 shares of the asset manager’s stock after selling 469,203 shares during the quarter. BlackRock Inc. owned 6.00% of Voya Financial worth $465,573,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. US Bancorp DE raised its position in shares of Voya Financial by 18.5% in the 2nd quarter. US Bancorp DE now owns 1,438 shares of the asset manager’s stock valued at $79,000 after buying an additional 224 shares in the last quarter. Grove Bank & Trust raised its position in shares of Voya Financial by 2.6% in the 2nd quarter. Grove Bank & Trust now owns 10,775 shares of the asset manager’s stock valued at $596,000 after buying an additional 270 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of Voya Financial by 0.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 116,900 shares of the asset manager’s stock valued at $6,465,000 after buying an additional 300 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Voya Financial by 2.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,487 shares of the asset manager’s stock valued at $746,000 after buying an additional 329 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Voya Financial by 7.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,923 shares of the asset manager’s stock valued at $328,000 after buying an additional 393 shares in the last quarter.
In other Voya Financial news, CEO Rodney O. Martin, Jr. sold 129,684 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $57.86, for a total transaction of $7,503,516.24. Following the sale, the chief executive officer now directly owns 159,373 shares of the company’s stock, valued at approximately $9,221,321.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.69% of the company’s stock.
VOYA stock traded up $0.58 during trading on Wednesday, reaching $57.34. 864,069 shares of the company were exchanged, compared to its average volume of 1,268,227. The company has a 50-day moving average of $56.09 and a two-hundred day moving average of $54.07. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.53 and a beta of 1.51. Voya Financial Inc has a twelve month low of $36.66 and a twelve month high of $59.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.16 and a quick ratio of 0.16.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, November 5th. The asset manager reported $1.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.04). Voya Financial had a return on equity of 7.82% and a net margin of 5.77%. The company had revenue of $187.00 million for the quarter, compared to analyst estimates of $301.05 million. During the same quarter in the prior year, the company earned $1.34 earnings per share. On average, analysts forecast that Voya Financial Inc will post 5.43 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 27th. Voya Financial’s payout ratio is 14.85%.
Several equities analysts have recently commented on the stock. SunTrust Banks boosted their target price on shares of Voya Financial to $58.00 and gave the company a “hold” rating in a research report on Friday, November 8th. ValuEngine upgraded shares of Voya Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley set a $63.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research report on Friday, September 13th. Royal Bank of Canada upped their price objective on shares of Voya Financial to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price objective on shares of Voya Financial from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.88.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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