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.

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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.

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

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