Poplar Forest Capital LLC Acquires New Holdings in Voya Financial, Inc. (VOYA)
Poplar Forest Capital LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYA) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,550 shares of the asset manager’s stock, valued at approximately $463,000.
A number of other hedge funds have also modified their holdings of VOYA. BlackRock Inc. grew its holdings in Voya Financial by 3,875.4% in the 1st 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Voya Financial by 549.1% in the 1st 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. UBS Asset Management Americas Inc. grew its holdings in Voya Financial by 88.8% in the 1st 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. Bank of America Corp DE grew its holdings in Voya Financial by 87.9% in the 1st quarter. Bank of America Corp DE now owns 2,042,884 shares of the asset manager’s stock worth $77,548,000 after buying an additional 955,465 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Voya Financial by 242.0% in the 1st quarter. Morgan Stanley now owns 1,166,943 shares of the asset manager’s stock worth $44,296,000 after buying an additional 825,737 shares in the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.
VOYA has been the subject of a number of recent analyst reports. ValuEngine lowered Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. BidaskClub raised Voya Financial from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price target on shares of Voya Financial in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.11.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/09/16/poplar-forest-capital-llc-acquires-new-holdings-in-voya-financial-inc-voya.html.
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 value of $342,380.00. Following the completion of the transaction, the insider now owns 5,379 shares of the company’s stock, valued at approximately $216,666.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by insiders.
Shares of Voya Financial, Inc. (VOYA) traded up 0.99% during trading on Friday, reaching $37.92. The company’s stock had a trading volume of 1,752,561 shares. The company’s market capitalization is $6.81 billion. Voya Financial, Inc. has a 12 month low of $27.73 and a 12 month high of $42.96. The company’s 50-day moving average is $38.34 and its 200-day moving average is $37.60.
Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.18). Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $318.84 million. During the same period in the prior year, the firm posted $0.79 EPS. On average, analysts forecast that Voya Financial, Inc. will post $3.35 EPS 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 issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, August 29th. Voya Financial’s dividend payout ratio is presently -1.04%.
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.