United Services Automobile Association Acquires 10,609 Shares of Voya Financial Inc (VOYA)
United Services Automobile Association lifted its holdings in Voya Financial Inc (NYSE:VOYA) by 20.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 62,546 shares of the asset manager’s stock after acquiring an additional 10,609 shares during the quarter. United Services Automobile Association’s holdings in Voya Financial were worth $2,940,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Voya Financial by 46.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock worth $157,000 after buying an additional 983 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Voya Financial by 66.0% in the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock worth $128,000 after buying an additional 1,007 shares during the period. Gideon Capital Advisors Inc. increased its stake in shares of Voya Financial by 36.4% in the second quarter. Gideon Capital Advisors Inc. now owns 5,761 shares of the asset manager’s stock worth $271,000 after buying an additional 1,537 shares during the period. Yorktown Management & Research Co Inc increased its stake in shares of Voya Financial by 8.2% in the second quarter. Yorktown Management & Research Co Inc now owns 20,450 shares of the asset manager’s stock worth $961,000 after buying an additional 1,550 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Voya Financial by 0.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 245,057 shares of the asset manager’s stock worth $11,518,000 after buying an additional 1,910 shares during the period.
Several research analysts recently commented on the stock. Credit Suisse Group lifted their target price on shares of Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, August 17th. Barclays decreased their target price on shares of Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday, July 9th. ValuEngine downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $60.00 price objective on shares of Voya Financial in a research report on Wednesday, June 27th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.46.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Wednesday, August 1st. The asset manager reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.04. The business had revenue of $238.00 million for the quarter, compared to the consensus estimate of $302.38 million. Voya Financial had a negative net margin of 27.27% and a positive return on equity of 5.07%. During the same period in the previous year, the firm earned $0.89 EPS. On average, analysts forecast that Voya Financial Inc will post 4.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Friday, August 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date was Thursday, August 30th. Voya Financial’s payout ratio is currently 1.33%.
Voya Financial Profile
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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