50,473 Shares in Voya Financial Inc (VOYA) Purchased by Segall Bryant & Hamill LLC
Segall Bryant & Hamill LLC purchased a new position in shares of Voya Financial Inc (NYSE:VOYA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,473 shares of the asset manager’s stock, valued at approximately $2,372,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in Voya Financial by 23.7% during the second quarter. Daiwa Securities Group Inc. now owns 15,650 shares of the asset manager’s stock valued at $736,000 after purchasing an additional 3,000 shares in the last quarter. Poplar Forest Capital LLC boosted its position in Voya Financial by 16.5% during the first quarter. Poplar Forest Capital LLC now owns 20,450 shares of the asset manager’s stock valued at $1,033,000 after purchasing an additional 2,900 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Voya Financial during the second quarter valued at about $140,094,000. Point72 Asset Management L.P. boosted its position in Voya Financial by 23.4% during the first quarter. Point72 Asset Management L.P. now owns 1,460,661 shares of the asset manager’s stock valued at $73,763,000 after purchasing an additional 276,765 shares in the last quarter. Finally, American International Group Inc. boosted its position in Voya Financial by 492.3% during the first quarter. American International Group Inc. now owns 65,405 shares of the asset manager’s stock valued at $3,303,000 after purchasing an additional 54,362 shares in the last quarter.
Shares of NYSE VOYA opened at $49.76 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. Voya Financial Inc has a fifty-two week low of $35.82 and a fifty-two week high of $55.27.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, August 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, August 30th. Voya Financial’s dividend payout ratio is presently 1.33%.
A number of brokerages recently weighed in on VOYA. Barclays began coverage on Voya Financial in a research report on Friday, June 8th. They set an “equal weight” rating and a $55.00 price objective on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $64.00 price objective on shares of Voya Financial in a research report on Monday, June 4th. Morgan Stanley raised their price objective on Voya Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, May 2nd. ValuEngine downgraded Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Goldman Sachs Group began coverage on Voya Financial in a research report on Wednesday, June 20th. They set a “neutral” rating and a $60.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $59.46.
About Voya Financial
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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