Fox Run Management L.L.C. purchased a new position in Voya Financial, Inc. (NYSE:VOYA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,400 shares of the asset manager’s stock, valued at approximately $295,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position in shares of Voya Financial by 56.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock worth $410,000 after purchasing an additional 4,002 shares during the period. Paragon Capital Management Ltd bought a new position in Voya Financial in the second quarter valued at about $239,000. OxFORD Asset Management LLP grew its position in Voya Financial by 16.2% in the second quarter. OxFORD Asset Management LLP now owns 53,472 shares of the asset manager’s stock valued at $1,973,000 after acquiring an additional 7,452 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Voya Financial by 8.8% in the second 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 acquiring an additional 19,240 shares during the last quarter. Finally, Scout Investments Inc. bought a new position in Voya Financial in the second quarter valued at about $20,004,000. Institutional investors own 96.61% of the company’s stock.
A number of research firms have issued reports on VOYA. ValuEngine upgraded Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $50.00 target price on shares of Voya Financial in a research report on Thursday. BidaskClub upgraded Voya Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Finally, Wells Fargo & Company set a $50.00 target price on Voya Financial and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Voya Financial currently has a consensus rating of “Buy” and an average price target of $47.60.
Shares of Voya Financial, Inc. (NYSE:VOYA) opened at $41.85 on Friday. The firm has a market capitalization of $7,641.04, a price-to-earnings ratio of 14.66, a PEG ratio of 0.72 and a beta of 1.62. The company has a quick ratio of 0.13, a current ratio of 0.14 and a debt-to-equity ratio of 0.44.
Voya Financial (NYSE:VOYA) last released 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). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The firm had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. During the same period in the prior year, the business posted ($1.24) earnings per share. equities analysts forecast that Voya Financial, Inc. will post 3.23 EPS for the current fiscal year.
Voya Financial declared that its Board of Directors has approved a share buyback program on Tuesday, October 31st that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
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 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s dividend payout ratio is currently -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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