Natixis cut its holdings in Voya Financial Inc (NYSE:VOYA) by 76.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,828 shares of the asset manager’s stock after selling 37,594 shares during the quarter. Natixis’ holdings in Voya Financial were worth $597,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Castleark Management LLC bought a new position in Voya Financial in the fourth quarter valued at approximately $5,362,000. Quantitative Investment Management LLC bought a new position in Voya Financial in the fourth quarter valued at approximately $326,000. Two Sigma Investments LP boosted its stake in Voya Financial by 19.1% in the fourth quarter. Two Sigma Investments LP now owns 308,322 shares of the asset manager’s stock valued at $15,253,000 after acquiring an additional 49,529 shares during the last quarter. Advisor Group Inc. boosted its stake in Voya Financial by 171.6% in the fourth quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock valued at $226,000 after acquiring an additional 2,891 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Voya Financial in the fourth quarter valued at approximately $13,515,000.
In related news, insider Charles P. Nelson acquired 13,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were acquired at an average cost of $50.25 per share, for a total transaction of $698,475.00. Following the completion of the acquisition, the insider now directly owns 45,382 shares in the company, valued at approximately $2,280,445.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.
Shares of NYSE VOYA opened at $49.13 on Tuesday. The firm has a market cap of $8.33 billion, a PE ratio of 16.32, a PEG ratio of 0.84 and a beta of 1.52. Voya Financial Inc has a twelve month low of $35.27 and a twelve month high of $55.27. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.50.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 1st. The asset manager reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). Voya Financial had a positive return on equity of 4.01% and a negative net margin of 25.86%. During the same quarter last year, the business earned $0.51 EPS. equities analysts anticipate that Voya Financial Inc will post 4.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Tuesday, May 29th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s payout ratio is 1.33%.
VOYA has been the topic of a number of recent research reports. Wells Fargo & Co set a $62.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a research note on Tuesday, May 1st. Deutsche Bank lifted their price target on shares of Voya Financial from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. UBS Group began coverage on shares of Voya Financial in a research report on Friday, March 2nd. They set a “buy” rating and a $65.00 price target on the stock. Bank of America began coverage on shares of Voya Financial in a research report on Monday, March 26th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Credit Suisse Group began coverage on shares of Voya Financial in a research report on Wednesday, April 25th. They set an “outperform” rating and a $60.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Voya Financial has an average rating of “Buy” and a consensus target price of $59.46.
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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