Campbell & CO Investment Adviser LLC acquired a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,886 shares of the asset manager’s stock, valued at approximately $523,000.
Several other large investors also recently bought and sold shares of the company. Paces Ferry Wealth Advisors LLC bought a new stake in shares of Voya Financial during the 3rd quarter worth approximately $25,000. Accel Wealth Management bought a new stake in shares of Voya Financial during the 4th quarter worth approximately $29,000. Jeppson Wealth Management LLC bought a new stake in Voya Financial during the 3rd quarter valued at $34,000. NuWave Investment Management LLC bought a new stake in Voya Financial during the 3rd quarter valued at $38,000. Finally, JBF Capital Inc. bought a new stake in Voya Financial during the 3rd quarter valued at $72,000.
A number of brokerages have weighed in on VOYA. Piper Sandler lifted their target price on Voya Financial from $57.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, November 19th. TheStreet upgraded Voya Financial from a “c+” rating to a “b” rating in a report on Friday, February 12th. Morgan Stanley lifted their price target on Voya Financial from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Barclays lifted their price target on Voya Financial from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 25th. Finally, Evercore ISI downgraded Voya Financial from an “outperform” rating to an “in-line” rating and lifted their price target for the company from $58.00 to $64.00 in a report on Friday, January 8th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $63.00.
In related news, insider Christine Hurtsellers sold 27,000 shares of the company’s stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $60.19, for a total value of $1,625,130.00. Following the completion of the transaction, the insider now owns 59,610 shares of the company’s stock, valued at approximately $3,587,925.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.04% of the company’s stock.
Shares of VOYA stock opened at $59.26 on Tuesday. The stock has a market cap of $7.48 billion, a PE ratio of -6.34 and a beta of 1.45. The business has a 50-day simple moving average of $57.84 and a 200-day simple moving average of $53.96. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34. Voya Financial, Inc. has a 52-week low of $29.75 and a 52-week high of $62.43.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, February 8th. The asset manager reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.47. Voya Financial had a positive return on equity of 6.24% and a negative net margin of 17.43%. Sell-side analysts anticipate that Voya Financial, Inc. will post 2.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 29th. Investors of record on Friday, February 26th will be issued a $0.165 dividend. This is a boost from Voya Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.11%. Voya Financial’s dividend payout ratio is presently 14.22%.
Voya Financial Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company's Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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