Sumitomo Mitsui Asset Management Company LTD Sells 2,357 Shares of Voya Financial, Inc. (VOYA)
Sumitomo Mitsui Asset Management Company LTD lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 14.6% during the second quarter, Holdings Channel reports. The institutional investor owned 13,736 shares of the asset manager’s stock after selling 2,357 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Voya Financial were worth $506,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Voya Financial by 3,875.4% in the first quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock valued at $404,319,000 after buying an additional 10,383,288 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Voya Financial by 549.1% in the first quarter. JPMorgan Chase & Co. now owns 4,418,219 shares of the asset manager’s stock valued at $167,716,000 after buying an additional 3,737,596 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of 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 valued at $95,841,000 after buying an additional 1,187,263 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Voya Financial by 87.9% in the first quarter. Bank of America Corp DE now owns 2,042,884 shares of the asset manager’s stock valued at $77,548,000 after buying an additional 955,465 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Voya Financial by 242.0% in the first quarter. Morgan Stanley now owns 1,166,943 shares of the asset manager’s stock valued at $44,296,000 after buying an additional 825,737 shares during the last quarter.
Shares of Voya Financial, Inc. (VOYA) opened at 38.67 on Friday. The stock’s market capitalization is $6.95 billion. Voya Financial, Inc. has a 52-week low of $27.08 and a 52-week high of $42.96. The stock has a 50 day moving average of $37.99 and a 200 day moving average of $38.21.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.18. The firm had revenue of $272.90 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.79 EPS. Analysts forecast that Voya Financial, Inc. will post $3.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a $0.01 dividend. 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 payout ratio is presently -1.04%.
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Several equities research analysts have weighed in on VOYA shares. Citigroup Inc. set a $51.00 price target on shares of Voya Financial and gave the company a “buy” rating in a research report on Monday, May 8th. BidaskClub raised shares of Voya Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued a “buy” rating and set a $44.00 price target on shares of Voya Financial in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Voya Financial in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Voya Financial presently has a consensus rating of “Buy” and an average price target of $46.11.
In other news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total value of $342,380.00. Following the transaction, the insider now directly owns 5,379 shares in the company, valued at $216,666.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Rodney O. Martin, Jr. purchased 8,475 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was bought at an average price of $35.29 per share, for a total transaction of $299,082.75. Following the completion of the acquisition, the chairman now owns 114,221 shares of the company’s stock, valued at approximately $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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