Gluskin Sheff & Assoc Inc. Raises Holdings in Voya Financial Inc (VOYA)
Gluskin Sheff & Assoc Inc. raised its stake in Voya Financial Inc (NYSE:VOYA) by 16.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,426 shares of the asset manager’s stock after acquiring an additional 14,076 shares during the period. Gluskin Sheff & Assoc Inc. owned 0.06% of Voya Financial worth $4,988,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of VOYA. Acadian Asset Management LLC bought a new stake in shares of Voya Financial during the second quarter valued at approximately $140,094,000. LSV Asset Management raised its holdings in Voya Financial by 3.4% during the third quarter. LSV Asset Management now owns 2,687,262 shares of the asset manager’s stock worth $133,476,000 after purchasing an additional 89,162 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Voya Financial by 3.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,072,668 shares of the asset manager’s stock worth $102,585,000 after purchasing an additional 62,876 shares in the last quarter. Scout Investments Inc. raised its holdings in Voya Financial by 1.0% during the third quarter. Scout Investments Inc. now owns 1,603,497 shares of the asset manager’s stock worth $79,646,000 after purchasing an additional 16,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Voya Financial by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,362,197 shares of the asset manager’s stock worth $64,027,000 after purchasing an additional 170,185 shares in the last quarter.
Several equities research analysts recently commented on the company. Credit Suisse Group boosted their target price on Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, August 17th. Morgan Stanley dropped their target price on Voya Financial from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, November 13th. Royal Bank of Canada dropped their target price on Voya Financial to $55.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Finally, ValuEngine cut Voya Financial from a “hold” rating to a “sell” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.00.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, October 30th. The asset manager reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.15. The firm had revenue of $163.00 million for the quarter, compared to analysts’ expectations of $297.80 million. Voya Financial had a positive return on equity of 7.01% and a negative net margin of 28.31%. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, analysts anticipate that Voya Financial Inc will post 4.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, November 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. Voya Financial’s dividend payout ratio is currently 1.33%.
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Voya Financial Company 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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