Voya Financial, Inc. (NYSE:VOYA) Stake Held by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. continued to hold its position in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, Holdings Channel reports. The fund owned 99,019 shares of the asset manager’s stock at the end of the second quarter. Voya Financial makes up 1.4% of Gargoyle Investment Advisor L.L.C.’s investment portfolio, making the stock its 7th largest position. Gargoyle Investment Advisor L.L.C.’s holdings in Voya Financial were worth $3,653,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Howard Hughes Medical Institute increased its position in shares of Voya Financial by 21.9% in the first quarter. Howard Hughes Medical Institute now owns 43,524 shares of the asset manager’s stock worth $1,652,000 after buying an additional 7,808 shares during the period. Meritage Portfolio Management increased its position in shares of Voya Financial by 2.6% in the first quarter. Meritage Portfolio Management now owns 177,953 shares of the asset manager’s stock worth $6,755,000 after buying an additional 4,526 shares during the period. Acadian Asset Management LLC increased its position in shares of 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 during the period. ProShare Advisors LLC increased its position in shares of Voya Financial by 4.0% in the first quarter. ProShare Advisors LLC now owns 28,185 shares of the asset manager’s stock worth $1,070,000 after buying an additional 1,078 shares during the period. Finally, Korea Investment CORP acquired a new position in shares of Voya Financial during the first quarter worth about $596,000.
Shares of Voya Financial, Inc. (NYSE:VOYA) opened at 38.56 on Friday. The firm has a 50-day moving average price of $38.09 and a 200-day moving average price of $38.20. Voya Financial, Inc. has a 52 week low of $27.47 and a 52 week high of $42.96. The stock’s market cap is $6.93 billion.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.18. The business 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 period in the previous year, the firm earned $0.79 EPS. On average, analysts forecast that Voya Financial, Inc. will post $3.38 earnings per share for the current fiscal year.
The firm 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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.10%. The ex-dividend date is Tuesday, August 29th. Voya Financial’s payout ratio is currently -1.04%.
TRADEMARK VIOLATION NOTICE: “Voya Financial, Inc. (NYSE:VOYA) Stake Held by Gargoyle Investment Advisor L.L.C.” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/13/voya-financial-inc-nysevoya-stake-held-by-gargoyle-investment-advisor-l-l-c.html.
A number of brokerages recently issued reports on VOYA. BidaskClub raised Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 price target (up from $44.00) on shares of Voya Financial in a report on Wednesday. ValuEngine downgraded Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. Finally, Citigroup Inc. set a $51.00 price target 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 issued 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 price target of $46.11.
In other Voya Financial news, Chairman Rodney O. Martin, Jr. bought 8,475 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $35.29 per share, with a total value of $299,082.75. Following the purchase, the chairman now directly owns 114,221 shares of the company’s stock, valued at $4,030,859.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael S. Smith bought 5,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were acquired at an average cost of $35.24 per share, for a total transaction of $176,200.00. Following 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 owned by insiders.
Voya Financial Company Profile
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.
Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYA).
Receive News & Ratings for Voya Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.