Teacher Retirement System of Texas Has $7.88 Million Stake in Voya Financial Inc (VOYA)
Teacher Retirement System of Texas grew its stake in Voya Financial Inc (NYSE:VOYA) by 222.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,728 shares of the asset manager’s stock after acquiring an additional 115,715 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Voya Financial worth $7,883,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in VOYA. Daiwa Securities Group Inc. lifted its position in Voya Financial by 23.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,650 shares of the asset manager’s stock worth $736,000 after acquiring an additional 3,000 shares during the period. Poplar Forest Capital LLC lifted its position in Voya Financial by 16.5% during the 1st quarter. Poplar Forest Capital LLC now owns 20,450 shares of the asset manager’s stock worth $1,033,000 after acquiring an additional 2,900 shares during the period. Acadian Asset Management LLC acquired a new stake in Voya Financial during the 2nd quarter worth about $140,094,000. Point72 Asset Management L.P. lifted its position in Voya Financial by 23.4% during the 1st quarter. Point72 Asset Management L.P. now owns 1,460,661 shares of the asset manager’s stock worth $73,763,000 after acquiring an additional 276,765 shares during the period. Finally, American International Group Inc. lifted its position in Voya Financial by 492.3% during the 1st quarter. American International Group Inc. now owns 65,405 shares of the asset manager’s stock worth $3,303,000 after acquiring an additional 54,362 shares during the period.
A number of brokerages have commented on VOYA. Goldman Sachs Group reaffirmed a “neutral” rating and set a $60.00 price target on shares of Voya Financial in a research report on Wednesday, June 27th. 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 target for the company. ValuEngine cut Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Morgan Stanley lifted their price target on Voya Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 2nd. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $64.00 price objective on shares of Voya Financial in a report on Monday, June 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Voya Financial presently has an average rating of “Buy” and a consensus price target of $59.46.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Wednesday, August 1st. The asset manager reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.04. The business had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $302.38 million. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. During the same quarter in the previous year, the firm posted $0.89 EPS. equities research analysts expect that Voya Financial Inc will post 4.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Friday, August 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. Voya Financial’s dividend payout ratio (DPR) is presently 1.33%.
Voya Financial Company Profile
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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