New Jersey Better Educational Savings Trust Purchases Shares of 10,000 Voya Financial, Inc. (NYSE:VOYA)
New Jersey Better Educational Savings Trust purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the asset manager’s stock, valued at approximately $369,000.
Several other large investors also recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware acquired a new stake in Voya Financial during the first quarter valued at approximately $119,000. Advisory Services Network LLC acquired a new stake in Voya Financial during the first quarter valued at approximately $152,000. Coconut Grove Bank increased its stake in Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock valued at $161,000 after buying an additional 1,960 shares in the last quarter. US Bancorp DE increased its stake in Voya Financial by 135.7% in the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock valued at $176,000 after buying an additional 2,663 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Voya Financial during the fourth quarter valued at approximately $235,000.
Voya Financial, Inc. (VOYA) opened at 38.67 on Friday. The company’s market cap is $6.95 billion. Voya Financial, Inc. has a 12-month low of $27.08 and a 12-month high of $42.96. The firm’s 50-day moving average is $37.99 and its 200 day moving average is $38.21.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.18. The company had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period last year, the company posted $0.79 EPS. On average, equities analysts expect that Voya Financial, Inc. will post $3.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date is Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently -1.04%.
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VOYA has been the topic of several recent research reports. ValuEngine downgraded shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday. Citigroup Inc. set a $51.00 target price on shares of Voya Financial and gave the stock a “buy” rating in a research report on Monday, May 8th. BidaskClub upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $44.00 target price on shares of Voya Financial in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.11.
In related news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the transaction, the insider now owns 5,379 shares in the company, valued at $216,666.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Rodney O. Martin, Jr. bought 8,475 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average price of $35.29 per share, with a total value of $299,082.75. Following the acquisition, the chairman now owns 114,221 shares of the company’s stock, valued at $4,030,859.09. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
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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