Commonwealth Bank of Australia boosted its holdings in Voya Financial, Inc. (NYSE:VOYA) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,407 shares of the asset manager’s stock after buying an additional 1,794 shares during the quarter. Commonwealth Bank of Australia’s holdings in Voya Financial were worth $2,882,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of VOYA. JPMorgan Chase & Co. raised its position in 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 buying an additional 1,236,885 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Voya Financial by 33.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock valued at $124,051,000 after purchasing an additional 837,925 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Voya Financial during the 2nd quarter valued at about $25,823,000. ALGEBRIS UK Ltd purchased a new stake in shares of Voya Financial during the 2nd quarter valued at about $23,060,000. Finally, Scout Investments Inc. purchased a new stake in shares of Voya Financial during the 2nd quarter valued at about $20,004,000. 96.91% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on VOYA shares. ValuEngine lowered shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 price target (up previously from $44.00) on shares of Voya Financial in a research report on Wednesday, August 9th. BidaskClub raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Goldman Sachs Group started 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. Finally, Wells Fargo & Company set a $50.00 price target on shares of Voya Financial and gave the company a “buy” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Voya Financial has a consensus rating of “Buy” and a consensus target price of $47.70.
Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). The firm had revenue of $226.50 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted ($1.24) earnings per share. analysts predict that Voya Financial, Inc. will post 3.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s dividend payout ratio is -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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