Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of Voya Financial Inc (NYSE:VOYA) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,400 shares of the asset manager’s stock after selling 11,900 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Voya Financial were worth $2,228,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Voya Financial by 46.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock valued at $157,000 after acquiring an additional 983 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Voya Financial by 66.0% in the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 1,007 shares during the period. Tillar Wenstrup Advisors LLC raised its position in Voya Financial by 1.4% in the first quarter. Tillar Wenstrup Advisors LLC now owns 76,338 shares of the asset manager’s stock valued at $3,855,000 after purchasing an additional 1,035 shares during the period. Toronto Dominion Bank raised its position in Voya Financial by 12.0% in the first quarter. Toronto Dominion Bank now owns 12,304 shares of the asset manager’s stock valued at $621,000 after purchasing an additional 1,314 shares during the period. Finally, Gideon Capital Advisors Inc. raised its position in Voya Financial by 36.4% in the second quarter. Gideon Capital Advisors Inc. now owns 5,761 shares of the asset manager’s stock valued at $271,000 after purchasing an additional 1,537 shares during the period.
Shares of VOYA stock traded down $0.46 on Friday, reaching $51.38. 1,137,709 shares of the stock were exchanged, compared to its average volume of 1,897,245. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.98 billion, a P/E ratio of 17.07, a PEG ratio of 0.65 and a beta of 1.42. Voya Financial Inc has a twelve month low of $39.30 and a twelve month high of $55.27.
Voya Financial (NYSE:VOYA) last issued its earnings results on Wednesday, August 1st. The asset manager reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The firm had revenue of $238.00 million during the quarter, compared to the consensus estimate of $302.38 million. Voya Financial had a negative net margin of 27.27% and a positive return on equity of 5.07%. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, equities analysts forecast that Voya Financial Inc will post 4.28 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Friday, August 31st were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s payout ratio is currently 1.33%.
A number of brokerages have issued reports on VOYA. ValuEngine lowered Voya Financial from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Goldman Sachs Group reissued a “neutral” rating and issued a $60.00 target price on shares of Voya Financial in a research report on Wednesday, June 27th. Barclays began coverage on Voya Financial in a research report on Friday, June 8th. They set an “equal weight” rating and a $55.00 price objective on the stock. Finally, Credit Suisse Group upped their price objective on Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, August 17th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $59.46.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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