Eii Capital Management Inc. Has $2.81 Million Holdings in Voya Financial, Inc. (VOYA)
Eii Capital Management Inc. decreased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,400 shares of the asset manager’s stock after selling 5,300 shares during the quarter. Voya Financial accounts for about 1.1% of Eii Capital Management Inc.’s portfolio, making the stock its 27th largest holding. Eii Capital Management Inc.’s holdings in Voya Financial were worth $2,808,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in Voya Financial by 9.7% in the 3rd quarter. Pacer Advisors Inc. now owns 35,319 shares of the asset manager’s stock worth $1,409,000 after purchasing an additional 3,111 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Voya Financial by 56.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock valued at $410,000 after buying an additional 4,002 shares in the last quarter. OxFORD Asset Management LLP raised its position in shares of Voya Financial by 16.2% in the 2nd quarter. OxFORD Asset Management LLP now owns 53,472 shares of the asset manager’s stock valued at $1,973,000 after buying an additional 7,452 shares in the last quarter. State Street Corp raised its position in shares of Voya Financial by 1.0% in the 2nd quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock valued at $207,554,000 after buying an additional 56,189 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Voya Financial by 8.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 238,126 shares of the asset manager’s stock valued at $8,784,000 after buying an additional 19,240 shares in the last quarter. Institutional investors and hedge funds own 96.91% of the company’s stock.
VOYA has been the subject of several analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Voya Financial in a research report on Friday, December 8th. Sandler O’Neill upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $51.00 target price on shares of Voya Financial in a research report on Friday, November 10th. Royal Bank of Canada restated a “buy” rating and issued a $50.00 target price on shares of Voya Financial in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group initiated coverage on shares of Voya Financial in a research report on Wednesday, October 18th. They issued a “buy” rating and a $46.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Voya Financial has an average rating of “Buy” and a consensus target price of $47.70.
Voya Financial, Inc. (NYSE VOYA) traded down $0.02 during mid-day trading on Wednesday, reaching $46.30. 1,457,800 shares of the company were exchanged, compared to its average volume of 1,531,978. The firm has a market cap of $8,325.88, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.85 and a beta of 1.65. Voya Financial, Inc. has a twelve month low of $33.53 and a twelve month high of $47.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). The company had revenue of $226.50 million for the quarter, compared to analyst estimates of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same quarter in the prior year, the company earned ($1.24) earnings per share. analysts predict that Voya Financial, Inc. will post 3 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors 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 yield of 0.09%. The ex-dividend date is Wednesday, November 29th. Voya Financial’s dividend payout ratio is -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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