Mckinley Capital Management LLC Delaware bought a new stake in Voya Financial, Inc. (NYSE:VOYA) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,124 shares of the asset manager’s stock, valued at approximately $119,000.
A number of other hedge funds also recently bought and sold shares of VOYA. Cantab Capital Partners LLP bought a new stake in Voya Financial during the fourth quarter valued at approximately $125,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Voya Financial during the fourth quarter worth about $125,000. Advisory Services Network LLC purchased a new stake in shares of Voya Financial during the first quarter worth about $152,000. Coconut Grove Bank raised its stake in shares of Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock worth $161,000 after buying an additional 1,960 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Voya Financial by 135.7% in the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock worth $176,000 after buying an additional 2,663 shares in the last quarter. 99.03% of the stock is currently owned by hedge funds and other institutional investors.
Voya Financial, Inc. (VOYA) traded up 2.38% during mid-day trading on Friday, hitting $36.97. The stock had a trading volume of 1,502,649 shares. Voya Financial, Inc. has a 12-month low of $22.75 and a 12-month high of $42.96. The company has a 50-day moving average of $36.11 and a 200-day moving average of $38.74. The firm’s market cap is $6.87 billion.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Wednesday, May 3rd. The asset manager reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Voya Financial had a negative net margin of 7.64% and a positive return on equity of 3.78%. The business had revenue of $303.20 million for the quarter, compared to analyst estimates of $293.84 million. During the same period in the prior year, the business posted $0.55 earnings per share. Analysts expect that Voya Financial, Inc. will post $3.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, May 31st will be issued a $0.01 dividend. The ex-dividend date is Friday, May 26th. This represents a $0.04 annualized dividend and a yield of 0.11%. Voya Financial’s dividend payout ratio is currently -1.02%.
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VOYA has been the topic of a number of research analyst reports. Barclays PLC reaffirmed a “hold” rating and issued a $41.00 price target on shares of Voya Financial in a research note on Sunday, February 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $51.00 price objective on shares of Voya Financial in a research report on Thursday, March 16th. Citigroup Inc. reiterated a “focus list” rating on shares of Voya Financial in a research report on Tuesday, February 21st. Morgan Stanley lifted their target price on Voya Financial from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, March 15th. Finally, BidaskClub upgraded Voya Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.36.
In other Voya Financial news, Chairman Rodney O. Martin, Jr. sold 8,559 shares of the stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $37.29, for a total value of $319,165.11. Following the sale, the chairman now directly owns 125,121 shares in the company, valued at $4,665,762.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Rodney O. Martin, Jr. bought 8,475 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average price of $35.29 per share, for a total transaction of $299,082.75. Following the completion of the acquisition, the chairman now owns 114,221 shares of the company’s stock, valued at approximately $4,030,859.09. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 14,299 shares of company stock worth $505,087 and sold 41,497 shares worth $1,553,492. Corporate insiders own 0.24% of the company’s stock.
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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