Campbell & CO Investment Adviser LLC acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,872 shares of the asset manager’s stock, valued at approximately $254,000.
A number of other hedge funds have also recently added to or reduced their stakes in VOYA. Paragon Capital Management Ltd bought a new stake in shares of Voya Financial during the second quarter worth about $239,000. Clear Harbor Asset Management LLC increased its stake in shares of Voya Financial by 411.1% in the second quarter. Clear Harbor Asset Management LLC now owns 84,860 shares of the asset manager’s stock worth $3,153,000 after buying an additional 68,255 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Voya Financial during the second quarter worth about $2,012,000. Sentinel Trust Co. LBA increased its stake in shares of Voya Financial by 4.7% in the second quarter. Sentinel Trust Co. LBA now owns 214,105 shares of the asset manager’s stock worth $7,899,000 after buying an additional 9,695 shares during the last quarter. Finally, Highland Capital Management LLC bought a new stake in shares of Voya Financial during the second quarter worth about $881,000.
Shares of Voya Financial, Inc. (NYSE:VOYA) traded down 0.28% during trading on Friday, reaching $38.56. 1,041,571 shares of the company’s stock traded hands. The company has a 50 day moving average price of $38.09 and a 200-day moving average price of $38.20. The stock’s market cap is $6.93 billion. Voya Financial, Inc. has a one year low of $27.47 and a one year high of $42.96.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The firm had revenue of $272.90 million for the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, equities research analysts expect that Voya Financial, Inc. will post $3.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. Voya Financial’s dividend payout ratio (DPR) is currently -1.04%.
A number of analysts have recently issued reports on VOYA shares. Citigroup Inc. set a $51.00 price target on shares of Voya Financial and gave the company a “buy” rating in a report on Monday, May 8th. BidaskClub raised shares of Voya Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $44.00 price objective on shares of Voya Financial in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $46.11.
In related news, Chairman Rodney O. Martin, Jr. purchased 8,475 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $35.29 per share, for a total transaction of $299,082.75. Following the transaction, the chairman now owns 114,221 shares of the company’s stock, valued at $4,030,859.09. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kevin D. Silva sold 8,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total value of $342,380.00. Following the sale, the insider now owns 5,379 shares in the company, valued at $216,666.12. The disclosure for this sale can be found here. 0.17% of the stock is currently 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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