Schroder Investment Management Group lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,061,275 shares of the asset manager’s stock after selling 76,000 shares during the quarter. Schroder Investment Management Group owned about 0.57% of Voya Financial worth $39,628,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of VOYA. Mckinley Capital Management LLC Delaware acquired a new position in shares of Voya Financial during the 1st quarter valued at about $119,000. US Bancorp DE increased its stake in shares of Voya Financial by 135.7% during the 1st quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock valued at $176,000 after acquiring an additional 2,663 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in shares of Voya Financial during the 2nd quarter valued at about $239,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Voya Financial during the 2nd quarter valued at about $254,000. Finally, M&T Bank Corp increased its stake in shares of Voya Financial by 17.3% during the 1st quarter. M&T Bank Corp now owns 6,847 shares of the asset manager’s stock valued at $260,000 after acquiring an additional 1,012 shares during the last quarter. 97.61% of the stock is owned by institutional investors.
A number of research firms have recently commented on VOYA. Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of Voya Financial in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. ValuEngine downgraded shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Voya Financial currently has a consensus rating of “Buy” and an average target price of $46.11.
Shares of Voya Financial, Inc. (NYSE VOYA) opened at 36.52 on Monday. The firm’s market cap is $6.56 billion. Voya Financial, Inc. has a 52-week low of $27.73 and a 52-week high of $42.96. The company’s 50-day moving average is $38.45 and its 200-day moving average is $37.77.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.18. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. The firm had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $318.84 million. During the same period last year, the business earned $0.79 earnings per share. Equities research analysts forecast that Voya Financial, Inc. will post $3.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently -1.04%.
In other news, insider Kevin D. Silva sold 8,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at approximately $216,666.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.
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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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