Commerzbank Aktiengesellschaft FI decreased its position in Voya Financial Inc (NYSE:VOYA) by 11.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,604 shares of the asset manager’s stock after selling 821 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Voya Financial were worth $251,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its position in Voya Financial by 12.5% in the third quarter. Pzena Investment Management LLC now owns 17,077,755 shares of the asset manager’s stock valued at $492,181,000 after buying an additional 1,902,326 shares during the last quarter. Acadian Asset Management LLC raised its position in Voya Financial by 14.3% in the first quarter. Acadian Asset Management LLC now owns 6,065,725 shares of the asset manager’s stock valued at $230,257,000 after buying an additional 759,147 shares during the last quarter. Investec Asset Management LTD raised its position in Voya Financial by 0.8% in the fourth quarter. Investec Asset Management LTD now owns 3,275,902 shares of the asset manager’s stock valued at $128,481,000 after buying an additional 25,339 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Voya Financial during the fourth quarter valued at $126,038,000. Finally, BlackRock Fund Advisors raised its position in shares of Voya Financial by 4.9% in the third quarter. BlackRock Fund Advisors now owns 2,150,323 shares of the asset manager’s stock valued at $61,972,000 after buying an additional 100,480 shares in the last quarter. 98.37% of the stock is owned by institutional investors and hedge funds.
Shares of Voya Financial Inc (NYSE VOYA) traded down 1.11% on Wednesday, reaching $33.94. 470,827 shares of the company’s stock traded hands. The company has a 50 day moving average of $36.34 and a 200-day moving average of $38.88. Voya Financial Inc has a 52 week low of $22.75 and a 52 week high of $42.96. The stock’s market capitalization is $6.31 billion. Voya Financial also saw some unusual options trading on Tuesday. Traders acquired 15,749 put options on the stock. This is an increase of 1,489% compared to the typical volume of 991 put options.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Wednesday, May 3rd. The asset manager reported $0.81 earnings per share for the quarter, beating the 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 company had revenue of $303.20 million during the quarter, compared to analysts’ expectations of $293.84 million. During the same period in the prior year, the business earned $0.55 earnings per share. Equities research analysts forecast that Voya Financial Inc will post $3.55 earnings per share for the current year.
The company 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 $0.01 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.04 annualized dividend and a yield of 0.12%. Voya Financial’s dividend payout ratio (DPR) is currently -1.77%.
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Several equities analysts have recently commented on VOYA shares. Morgan Stanley upped their price objective on shares of Voya Financial from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, March 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $50.00 target price on shares of Voya Financial in a report on Monday, April 10th. JPMorgan Chase & Co. reduced their target price on shares of Voya Financial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Monday, April 3rd. BTIG Research reiterated a “buy” rating and set a $50.00 target price on shares of Voya Financial in a report on Friday, February 3rd. Finally, Citigroup Inc reiterated a “focus list” rating on shares of Voya Financial in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Voya Financial currently has a consensus rating of “Buy” and a consensus price target of $42.36.
In other Voya Financial news, insider Kevin D. Silva sold 4,039 shares of the stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $37.29, for a total transaction of $150,614.31. Following the completion of the transaction, the insider now directly owns 23,825 shares in the company, valued at $888,434.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alain M. Karaoglan acquired 824 shares of the company’s stock in a transaction on Friday, March 31st. The shares were bought at an average price of $36.17 per share, with a total value of $29,804.08. Following the completion of the purchase, the insider now directly 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 ninety days, insiders sold 74,800 shares of company stock valued at $2,925,189. 0.17% of the stock is owned by company insiders.
Voya Financial Company 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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