First Trust Advisors LP Buys Shares of 54,137 Voya Financial, Inc. (VOYA)
First Trust Advisors LP bought a new position in Voya Financial, Inc. (NYSE:VOYA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 54,137 shares of the asset manager’s stock, valued at approximately $2,160,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Voya Financial by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 15,350,277 shares of the asset manager’s stock worth $566,271,000 after purchasing an additional 125,764 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Voya Financial by 1.7% in the 2nd quarter. Franklin Resources Inc. now owns 13,647,536 shares of the asset manager’s stock worth $503,475,000 after purchasing an additional 233,423 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Voya Financial by 2.5% in the 2nd quarter. BlackRock Inc. now owns 10,921,195 shares of the asset manager’s stock worth $402,882,000 after purchasing an additional 269,982 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Voya Financial by 28.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,655,104 shares of the asset manager’s stock worth $208,617,000 after purchasing an additional 1,236,885 shares during the last quarter. Finally, State Street Corp grew its holdings 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 worth $207,554,000 after purchasing an additional 56,189 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.
VOYA has been the topic of several analyst reports. BidaskClub lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Wells Fargo & Company reissued a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. ValuEngine lowered shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 price objective on shares of Voya Financial in a report on Wednesday, September 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $51.00 price objective on shares of Voya Financial in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Voya Financial currently has an average rating of “Buy” and a consensus target price of $47.70.
Shares of Voya Financial, Inc. (NYSE VOYA) traded down $0.25 during trading hours on Friday, reaching $42.06. 474,169 shares of the company’s stock were exchanged, compared to its average volume of 1,271,828. Voya Financial, Inc. has a 12-month low of $33.53 and a 12-month high of $42.96. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market cap of $7,560.16, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.76 and a beta of 1.62.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The company had revenue of $226.50 million for the quarter, compared to the consensus estimate of $322.92 million. During the same period in the prior year, the company earned ($1.24) EPS. analysts expect that Voya Financial, Inc. will post 3.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Wednesday, November 29th. Voya Financial’s dividend payout ratio is currently -2.23%.
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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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