Advisors Asset Management Inc. Purchases 1,610 Shares of Voya Financial Inc. (VOYA)
Advisors Asset Management Inc. boosted its stake in shares of Voya Financial Inc. (NYSE:VOYA) by 18.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,561 shares of the company’s stock after buying an additional 1,610 shares during the period. Advisors Asset Management Inc.’s holdings in Voya Financial were worth $261,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC increased its stake in Voya Financial by 49.1% in the first quarter. Rafferty Asset Management LLC now owns 28,415 shares of the company’s stock valued at $846,000 after buying an additional 9,360 shares in the last quarter. Pegasus Partners Ltd. purchased a new stake in Voya Financial during the first quarter valued at about $449,000. Credit Agricole S A increased its stake in Voya Financial by 22.0% in the first quarter. Credit Agricole S A now owns 197,977 shares of the company’s stock valued at $5,894,000 after buying an additional 35,711 shares in the last quarter. Aviva PLC increased its stake in Voya Financial by 0.4% in the first quarter. Aviva PLC now owns 109,817 shares of the company’s stock valued at $3,269,000 after buying an additional 443 shares in the last quarter. Finally, Investec Asset Management North America Inc. increased its stake in Voya Financial by 7.4% in the first quarter. Investec Asset Management North America Inc. now owns 226,851 shares of the company’s stock valued at $6,753,000 after buying an additional 15,632 shares in the last quarter. 96.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Voya Financial Inc. (NYSE:VOYA) traded up 0.24% during midday trading on Monday, hitting $28.89. The stock had a trading volume of 696,561 shares. Voya Financial Inc. has a 52 week low of $22.75 and a 52 week high of $42.45. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 21.45 and a beta of 1.55. The stock’s 50-day moving average price is $28.71 and its 200 day moving average price is $29.11.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Voya Financial had a net margin of 2.88% and a return on equity of 3.44%. During the same quarter last year, the company earned $0.78 EPS. On average, equities analysts forecast that Voya Financial Inc. will post $3.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. Voya Financial’s dividend payout ratio is currently 2.86%.
Several research firms have issued reports on VOYA. Wells Fargo & Co. began coverage on Voya Financial in a research note on Thursday, September 22nd. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Voya Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Goldman Sachs Group Inc. cut Voya Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $29.00 in a report on Friday, July 15th. Deutsche Bank AG decreased their price objective on Voya Financial from $41.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, July 14th. Finally, TheStreet cut Voya Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Voya Financial currently has a consensus rating of “Buy” and a consensus target price of $38.73.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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