NumerixS Investment Technologies Inc Cuts Stake in Voya Financial Inc (NYSE:VOYA)

NumerixS Investment Technologies Inc trimmed its position in shares of Voya Financial Inc (NYSE:VOYA) by 85.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,807 shares of the asset manager’s stock after selling 23,193 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Voya Financial were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Voya Financial by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,491,333 shares of the asset manager’s stock valued at $59,819,000 after acquiring an additional 5,846 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Voya Financial by 26.5% during the 1st quarter. Toronto Dominion Bank now owns 29,651 shares of the asset manager’s stock valued at $1,481,000 after acquiring an additional 6,204 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Voya Financial by 20.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 24,922 shares of the asset manager’s stock valued at $1,245,000 after acquiring an additional 4,267 shares during the last quarter. ETF Managers Group LLC purchased a new stake in shares of Voya Financial during the 1st quarter valued at about $142,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Voya Financial by 2.4% during the 1st quarter. New York State Common Retirement Fund now owns 455,898 shares of the asset manager’s stock valued at $22,777,000 after acquiring an additional 10,532 shares during the last quarter.

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada set a $60.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley set a $63.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a report on Friday, September 13th. Citigroup dropped their price objective on shares of Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, ValuEngine downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $59.50.

In other news, Director Byron H. Pollitt, Jr. acquired 1,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $49.30 per share, with a total value of $49,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.69% of the stock is owned by insiders.

Shares of Voya Financial stock traded up $0.53 on Friday, hitting $55.26. 8,667 shares of the company traded hands, compared to its average volume of 1,183,450. The stock has a market capitalization of $7.68 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.17 and a current ratio of 0.17. Voya Financial Inc has a 52 week low of $36.66 and a 52 week high of $57.57. The business has a 50-day simple moving average of $51.09 and a 200 day simple moving average of $52.89.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 6th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.05. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. The firm had revenue of $278.00 million for the quarter, compared to analysts’ expectations of $314.19 million. During the same quarter last year, the business posted $1.13 earnings per share. Research analysts expect that Voya Financial Inc will post 5.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.09%. This is a positive change from Voya Financial’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 28th. Voya Financial’s payout ratio is presently 14.85%.

Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.

Further Reading: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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