Natixis Advisors L.P. lessened its position in Voya Financial Inc (NYSE:VOYA) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 138,848 shares of the asset manager’s stock after selling 1,821 shares during the quarter. Natixis Advisors L.P. owned approximately 0.09% of Voya Financial worth $5,573,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Voya Financial by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,090,289 shares of the asset manager’s stock valued at $83,902,000 after buying an additional 409,431 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Voya Financial by 3.9% in the 4th quarter. United Services Automobile Association now owns 167,292 shares of the asset manager’s stock worth $6,715,000 after purchasing an additional 6,263 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Voya Financial by 119.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 116,467 shares of the asset manager’s stock worth $4,675,000 after purchasing an additional 63,372 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Voya Financial by 6.5% in the 4th quarter. Commonwealth Bank of Australia now owns 50,941 shares of the asset manager’s stock worth $2,041,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Korea Investment CORP increased its holdings in shares of Voya Financial by 6.5% in the 4th quarter. Korea Investment CORP now owns 241,510 shares of the asset manager’s stock worth $9,694,000 after purchasing an additional 14,700 shares in the last quarter. Institutional investors own 98.23% of the company’s stock.
Shares of VOYA opened at $49.99 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.17 and a quick ratio of 0.16. Voya Financial Inc has a one year low of $36.66 and a one year high of $55.27. The firm has a market capitalization of $7.23 billion, a P/E ratio of 12.37 and a beta of 1.46.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 5th. The asset manager reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.10. Voya Financial had a return on equity of 8.04% and a net margin of 10.28%. During the same period last year, the company earned $0.87 earnings per share. Equities research analysts predict that Voya Financial Inc will post 5.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, February 28th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date is Wednesday, February 27th. Voya Financial’s payout ratio is currently 0.99%.
In other news, Director Ruth Ann M. Gillis acquired 926 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was bought at an average price of $50.60 per share, with a total value of $46,855.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph V. Tripodi acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was purchased at an average cost of $49.45 per share, with a total value of $74,175.00. Following the acquisition, the director now directly owns 3,500 shares of the company’s stock, valued at $173,075. The disclosure for this purchase can be found here. Insiders sold 23,911 shares of company stock valued at $1,175,087 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
A number of research firms have commented on VOYA. Credit Suisse Group set a $59.00 target price on Voya Financial and gave the stock a “buy” rating in a report on Friday, January 25th. ValuEngine raised Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Goldman Sachs Group raised Voya Financial from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $60.00 to $54.00 in a report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price on Voya Financial from $53.00 to $52.00 and set an “underweight” rating for the company in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.78.
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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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