Voya Financial Inc. (VOYA) Stake Held by First Mercantile Trust Co.
First Mercantile Trust Co. maintained its position in shares of Voya Financial Inc. (NYSE:VOYA) during the second quarter, Holdings Channel reports. The institutional investor owned 29,100 shares of the company’s stock at the end of the second quarter. First Mercantile Trust Co.’s holdings in Voya Financial were worth $721,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of VOYA. Norges Bank bought a new position in shares of Voya Financial during the fourth quarter worth approximately $61,768,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Voya Financial by 5.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 68,792 shares of the company’s stock worth $2,048,000 after buying an additional 3,487 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Voya Financial during the first quarter worth approximately $420,000. PGGM Investments increased its position in shares of Voya Financial by 2.5% in the first quarter. PGGM Investments now owns 150,998 shares of the company’s stock worth $4,495,000 after buying an additional 3,661 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of Voya Financial by 83.7% in the first quarter. Aperio Group LLC now owns 142,653 shares of the company’s stock worth $4,247,000 after buying an additional 65,011 shares in the last quarter. Institutional investors own 96.83% of the company’s stock.
Voya Financial Inc. (NYSE:VOYA) opened at 28.83 on Wednesday. Voya Financial Inc. has a 12-month low of $22.75 and a 12-month high of $42.45. The firm has a 50 day moving average of $28.39 and a 200-day moving average of $29.19. The stock has a market cap of $5.77 billion, a PE ratio of 21.40 and a beta of 1.55.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Voya Financial had a net margin of 2.88% and a return on equity of 3.44%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, analysts expect that Voya Financial Inc. will post $3.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Monday, August 29th. Voya Financial’s dividend payout ratio (DPR) is currently 2.86%.
Several brokerages have recently weighed in on VOYA. Deutsche Bank AG lowered their price target on shares of Voya Financial from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. Zacks Investment Research raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Evercore ISI began coverage on shares of Voya Financial in a research report on Wednesday, July 6th. They issued a “hold” rating and a $31.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $38.00 price target on shares of Voya Financial in a research report on Wednesday, July 6th. Finally, TheStreet cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.73.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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