Stifel Financial Corp increased its holdings in Voya Financial Inc (NYSE:VOYA) by 107.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,276 shares of the asset manager’s stock after acquiring an additional 39,423 shares during the period. Stifel Financial Corp’s holdings in Voya Financial were worth $3,044,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Voya Financial by 28.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,655,104 shares of the asset manager’s stock valued at $208,617,000 after buying an additional 1,236,885 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Voya Financial by 33.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock valued at $124,051,000 after buying an additional 837,925 shares during the last quarter. Scout Investments Inc. purchased a new stake in Voya Financial in the 2nd quarter valued at about $20,004,000. Thompson Siegel & Walmsley LLC increased its stake in Voya Financial by 62.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,288,314 shares of the asset manager’s stock valued at $47,526,000 after buying an additional 496,914 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its stake in Voya Financial by 172.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 743,176 shares of the asset manager’s stock valued at $27,416,000 after buying an additional 470,809 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.
Several research firms have commented on VOYA. BidaskClub upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of Voya Financial in a research note on Wednesday, September 6th. Wells Fargo & Company set a $50.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a research note on Friday, November 10th. Finally, Goldman Sachs Group began coverage on shares of Voya Financial in a research note on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $47.70.
Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The company had revenue of $226.50 million for the quarter, compared to the consensus estimate of $322.92 million. During the same period in the prior year, the company earned ($1.24) earnings per share. sell-side analysts anticipate that Voya Financial Inc will post 3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given 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 of this dividend is Wednesday, November 29th. Voya Financial’s dividend payout ratio is currently -2.23%.
Voya Financial Company Profile
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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