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%.

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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.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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