Kirr Marbach & Co. LLC IN decreased its stake in shares of Voya Financial Inc (NYSE:VOYA) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 320,031 shares of the asset manager’s stock after selling 5,157 shares during the quarter. Voya Financial comprises about 3.2% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 10th largest holding. Kirr Marbach & Co. LLC IN’s holdings in Voya Financial were worth $15,832,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 199 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Voya Financial during the fourth quarter valued at $133,000. Reliance Trust Co. of Delaware bought a new position in Voya Financial during the third quarter valued at $215,000. IFM Investors Pty Ltd bought a new position in Voya Financial during the third quarter valued at $254,000. Finally, TLP Group LLC bought a new position in Voya Financial during the second quarter valued at $262,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Several equities analysts have commented on VOYA shares. Wells Fargo & Co reiterated a “buy” rating on shares of Voya Financial in a research report on Friday, December 8th. Deutsche Bank started coverage on shares of Voya Financial in a research report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 price objective for the company. Evercore ISI upgraded shares of Voya Financial to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $55.00 price objective on shares of Voya Financial in a research report on Thursday, December 21st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $50.00 target price on shares of Voya Financial in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $52.18.
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 the consensus estimate 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 quarter last year, the business posted ($1.24) EPS. equities analysts forecast that Voya Financial Inc will post 2.9 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. Voya Financial’s dividend payout ratio (DPR) is presently -2.25%.
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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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