Pacer Advisors Inc. boosted its position in Voya Financial, Inc. (NYSE:VOYA) by 9.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,319 shares of the asset manager’s stock after purchasing an additional 3,111 shares during the quarter. Pacer Advisors Inc.’s holdings in Voya Financial were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its stake in Voya Financial by 56.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock valued at $410,000 after purchasing an additional 4,002 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in Voya Financial in the 2nd quarter valued at about $239,000. OxFORD Asset Management LLP raised its stake in Voya Financial by 16.2% in the 2nd quarter. OxFORD Asset Management LLP now owns 53,472 shares of the asset manager’s stock valued at $1,973,000 after purchasing an additional 7,452 shares during the last quarter. State Street Corp raised its stake in Voya Financial by 1.0% in the 2nd quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock valued at $207,554,000 after purchasing an additional 56,189 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Voya Financial by 8.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 238,126 shares of the asset manager’s stock valued at $8,784,000 after purchasing an additional 19,240 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on VOYA shares. Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. BidaskClub raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 price objective (up previously from $44.00) on shares of Voya Financial in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) started coverage on shares of Voya Financial in a research note on Wednesday, October 18th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $51.00 price objective on shares of Voya Financial in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Voya Financial currently has an average rating of “Buy” and an average price target of $47.70.
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Shares of Voya Financial, Inc. (NYSE:VOYA) traded up $0.33 during trading hours on Tuesday, hitting $42.39. The stock had a trading volume of 776,100 shares, compared to its average volume of 1,528,662. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. Voya Financial, Inc. has a 1-year low of $33.53 and a 1-year high of $42.96. The stock has a market cap of $7,560.00, a PE ratio of 14.50, a P/E/G ratio of 0.76 and a beta of 1.62.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The firm had revenue of $226.50 million for the quarter, compared to analysts’ expectations of $322.92 million. During the same quarter in the previous year, the firm posted ($1.24) EPS. research analysts expect that Voya Financial, Inc. will post 3.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Wednesday, November 29th. Voya Financial’s payout ratio is currently -2.25%.
About Voya Financial
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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