Yorktown Management & Research Co Inc Invests $638,000 in Voya Financial, Inc. (VOYA)
Yorktown Management & Research Co Inc acquired a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,000 shares of the asset manager’s stock, valued at approximately $638,000.
Several other institutional investors also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its position in Voya Financial by 56.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock worth $410,000 after buying an additional 4,002 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in Voya Financial during the 2nd quarter worth approximately $239,000. OxFORD Asset Management LLP raised its position in Voya Financial by 16.2% during the 2nd quarter. OxFORD Asset Management LLP now owns 53,472 shares of the asset manager’s stock worth $1,973,000 after buying an additional 7,452 shares during the last quarter. State Street Corp raised its position in Voya Financial by 1.0% during the 2nd quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock worth $207,554,000 after buying an additional 56,189 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Voya Financial by 8.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 238,126 shares of the asset manager’s stock worth $8,784,000 after buying an additional 19,240 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.
Voya Financial, Inc. (NYSE:VOYA) traded down $0.11 during trading hours on Wednesday, hitting $42.08. 128,575 shares of the stock traded hands, compared to its average volume of 1,525,736. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $7,619.47, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. Voya Financial, Inc. has a 52-week low of $33.53 and a 52-week high of $42.96.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.39). The firm had revenue of $226.50 million for the quarter, compared to analysts’ expectations 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 firm earned ($1.24) earnings per share. equities research analysts forecast that Voya Financial, Inc. will post 3.03 EPS for the current year.
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 issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Wednesday, November 29th. Voya Financial’s dividend payout ratio (DPR) is -2.23%.
A number of equities analysts have issued reports on the stock. Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $51.00 price target on shares of Voya Financial in a research report on Friday, November 10th. Royal Bank Of Canada reissued a “buy” rating and set a $50.00 price target on shares of Voya Financial in a research report on Thursday, November 2nd. Wells Fargo & Company set a $50.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Voya Financial in a research 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 given 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 price target of $47.70.
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About Voya Financial
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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