Fmr LLC boosted its position in shares of Voya Financial Inc (NYSE:VOYA) by 12.0% in the second quarter, Holdings Channel reports. The firm owned 883,473 shares of the asset manager’s stock after purchasing an additional 94,739 shares during the period. Fmr LLC’s holdings in Voya Financial were worth $41,523,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its position in Voya Financial by 66.0% during the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 1,007 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Voya Financial by 46.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock valued at $157,000 after buying an additional 983 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Voya Financial during the first quarter valued at about $203,000. Gideon Capital Advisors Inc. bought a new position in Voya Financial during the first quarter valued at about $213,000. Finally, Wetherby Asset Management Inc. bought a new position in Voya Financial during the second quarter valued at about $204,000.
NYSE VOYA opened at $49.48 on Thursday. Voya Financial Inc has a fifty-two week low of $39.20 and a fifty-two week high of $55.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.66 and a beta of 1.41.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Wednesday, August 1st. The asset manager reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $238.00 million for the quarter, compared to analyst estimates of $302.38 million. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. During the same period in the previous year, the company posted $0.89 earnings per share. analysts anticipate that Voya Financial Inc will post 4.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Friday, August 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s payout ratio is presently 1.33%.
Several equities analysts have weighed in on VOYA shares. Credit Suisse Group raised their target price on Voya Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 17th. ValuEngine lowered Voya Financial from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Wells Fargo & Co restated a “buy” rating and set a $64.00 target price on shares of Voya Financial in a report on Monday, June 4th. Barclays cut their target price on Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, July 9th. Finally, Goldman Sachs Group started coverage on Voya Financial in a report on Wednesday, June 20th. They set a “neutral” rating and a $60.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $59.46.
About Voya Financial
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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