700,000 Shares in Voya Financial, Inc. (NYSE:VOYA) Acquired by State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 700,000 shares of the asset manager’s stock, valued at approximately $25,823,000. State of New Jersey Common Pension Fund D owned about 0.38% of Voya Financial as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Voya Financial by 3,875.4% in the first quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock worth $404,319,000 after buying an additional 10,383,288 shares during the period. Acadian Asset Management LLC boosted its position in Voya Financial by 14.3% in the first quarter. Acadian Asset Management LLC now owns 6,065,725 shares of the asset manager’s stock worth $230,257,000 after buying an additional 759,147 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Voya Financial by 549.1% in the first quarter. JPMorgan Chase & Co. now owns 4,418,219 shares of the asset manager’s stock worth $167,716,000 after buying an additional 3,737,596 shares in the last quarter. LSV Asset Management boosted its position in Voya Financial by 1.1% in the first quarter. LSV Asset Management now owns 2,919,500 shares of the asset manager’s stock worth $110,824,000 after buying an additional 31,100 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Voya Financial by 88.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock worth $95,841,000 after buying an additional 1,187,263 shares in the last quarter.
Voya Financial, Inc. (NYSE VOYA) opened at 40.90 on Monday. Voya Financial, Inc. has a 1-year low of $26.61 and a 1-year high of $42.96. The firm’s market capitalization is $7.60 billion. The firm’s 50-day moving average price is $37.36 and its 200-day moving average price is $38.14.
Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The firm had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts predict that Voya Financial, Inc. will post $3.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.04 annualized dividend and a yield of 0.10%. Voya Financial’s payout ratio is currently -1.04%.
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A number of research analysts recently commented on the company. BidaskClub upgraded Voya Financial from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada upped their price objective on Voya Financial from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a report on Monday, April 10th. ValuEngine upgraded Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Finally, Citigroup Inc. set a $51.00 price objective on Voya Financial and gave the company a “buy” rating in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Voya Financial presently has a consensus rating of “Buy” and a consensus price target of $46.11.
In other news, insider Kevin D. Silva sold 8,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at approximately $216,666.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael S. Smith acquired 5,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were bought at an average cost of $35.24 per share, with a total value of $176,200.00. Following the completion of the purchase, the insider now directly owns 69,142 shares in the company, valued at $2,436,564.08. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.
About Voya Financial
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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