127,650 Shares in Voya Financial, Inc. (VOYA) Acquired by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 127,650 shares of the asset manager’s stock, valued at approximately $5,092,000. Tocqueville Asset Management L.P. owned 0.07% of Voya Financial at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its holdings in Voya Financial by 0.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 448,346 shares of the asset manager’s stock valued at $17,885,000 after purchasing an additional 2,600 shares in the last quarter. Honeywell International Inc. increased its holdings in Voya Financial by 50.0% during the 3rd quarter. Honeywell International Inc. now owns 826,000 shares of the asset manager’s stock valued at $32,949,000 after purchasing an additional 275,400 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Voya Financial by 14.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 800,000 shares of the asset manager’s stock valued at $31,912,000 after purchasing an additional 100,000 shares in the last quarter. Aperio Group LLC increased its holdings in Voya Financial by 1.3% during the 3rd quarter. Aperio Group LLC now owns 131,744 shares of the asset manager’s stock valued at $5,255,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its holdings in Voya Financial by 52.3% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 129,267 shares of the asset manager’s stock valued at $5,156,000 after purchasing an additional 44,407 shares in the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.
A number of research firms recently weighed in on VOYA. BidaskClub raised Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. ValuEngine cut Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 price target (up from $44.00) on shares of Voya Financial in a report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) began coverage on Voya Financial in a report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $47.60.
Shares of Voya Financial, Inc. (NYSE:VOYA) opened at $41.85 on Monday. The company has a market capitalization of $7,522.41, a price-to-earnings ratio of 14.43, a PEG ratio of 0.71 and a beta of 1.62. Voya Financial, Inc. has a 52 week low of $29.80 and a 52 week high of $42.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14.
Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). The firm had revenue of $226.50 million during the quarter, compared to analyst estimates of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same period last year, the business posted ($1.24) earnings per share. sell-side analysts predict that Voya Financial, Inc. will post 3.23 earnings per share for the current fiscal year.
Voya Financial declared that its board has initiated a stock buyback program on Tuesday, October 31st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. Voya Financial’s dividend payout ratio (DPR) is currently -2.23%.
Voya Financial 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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