UBS Asset Management Americas Inc. boosted its position in Voya Financial Inc (NYSE:VOYA) by 88.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,524,796 shares of the asset manager’s stock after buying an additional 1,187,263 shares during the period. UBS Asset Management Americas Inc. owned 1.33% of Voya Financial worth $95,841,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Voya Financial during the fourth quarter worth approximately $125,000. Cantab Capital Partners LLP bought a new position in Voya Financial during the fourth quarter valued at about $125,000. Advisory Services Network LLC bought a new position in Voya Financial during the first quarter valued at about $152,000. Coconut Grove Bank raised its position in Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock valued at $161,000 after buying an additional 1,960 shares during the last quarter. Finally, US Bancorp DE raised its position in Voya Financial by 135.7% in the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock valued at $176,000 after buying an additional 2,663 shares during the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.
Shares of Voya Financial Inc (NYSE:VOYA) opened at 34.97 on Tuesday. The company’s market capitalization is $6.50 billion. The company’s 50 day moving average price is $36.18 and its 200 day moving average price is $38.81. Voya Financial Inc has a 12 month low of $22.75 and a 12 month high of $42.96.
Voya Financial (NYSE:VOYA) last posted its earnings results on Wednesday, May 3rd. The asset manager reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Voya Financial had a positive return on equity of 3.39% and a negative net margin of 4.20%. The business had revenue of $303.20 million during the quarter, compared to analysts’ expectations of $293.84 million. During the same period in the previous year, the business earned $0.55 earnings per share. Analysts expect that Voya Financial Inc will post $3.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, May 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Friday, May 26th. Voya Financial’s payout ratio is -1.77%.
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VOYA has been the subject of several analyst reports. Citigroup Inc set a $51.00 target price on Voya Financial and gave the stock a “buy” rating in a research report on Monday, May 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $50.00 target price on shares of Voya Financial in a research report on Monday, April 10th. Barclays PLC restated a “hold” rating and set a $41.00 target price on shares of Voya Financial in a research report on Sunday, February 19th. Morgan Stanley boosted their target price on Voya Financial from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 15th. Finally, JPMorgan Chase & Co. cut their price objective on Voya Financial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Monday, April 3rd. One analyst has 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 company presently has an average rating of “Buy” and a consensus price target of $42.36.
In other Voya Financial news, Chairman Rodney O. Martin, Jr. sold 2,529 shares of Voya Financial stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $41.56, for a total transaction of $105,105.24. Following the completion of the sale, the chairman now owns 107,615 shares of the company’s stock, valued at $4,472,479.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alain M. Karaoglan purchased 824 shares of the company’s stock in a transaction on Friday, March 31st. The shares were purchased at an average cost of $36.17 per share, with a total value of $29,804.08. Following the purchase, the insider now owns 35,643 shares of the company’s stock, valued at $1,289,207.31. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 65,554 shares of company stock valued at $2,545,086. 0.17% of the stock is owned by company insiders.
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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