Pzena Investment Management LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,529,646 shares of the asset manager’s stock, valued at approximately $319,539,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP increased its position in shares of Voya Financial by 6.8% in the 1st quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock worth $16,229,000 after purchasing an additional 15,186 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Voya Financial in the 2nd quarter valued at about $2,045,000. Fifth Third Bancorp lifted its position in shares of Voya Financial by 4,892.7% during the first quarter. Fifth Third Bancorp now owns 63,058 shares of the asset manager’s stock worth $4,308,000 after purchasing an additional 61,795 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Voya Financial by 11.4% during the fourth quarter. Impax Asset Management Group plc now owns 203,101 shares of the asset manager’s stock worth $15,129,000 after purchasing an additional 20,722 shares during the last quarter. Finally, Ruffer LLP acquired a new position in Voya Financial in the fourth quarter worth about $3,153,000. 96.10% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Voya Financial
In other news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider directly owned 2,887 shares in the company, valued at approximately $259,830. This represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on VOYA
Voya Financial Price Performance
Shares of NYSE:VOYA opened at $100.00 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $103.85. The firm has a 50-day simple moving average of $96.05 and a 200 day simple moving average of $82.16. The company has a market cap of $9.06 billion, a PE ratio of 16.86, a P/E/G ratio of 0.97 and a beta of 0.89.
Voya Financial (NYSE:VOYA – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company earned $1.66 EPS. Voya Financial’s revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 9.3 EPS for the current year.
Voya Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. Voya Financial’s dividend payout ratio is 31.70%.
Voya Financial Company Profile
Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.
Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.
Featured Articles
- Five stocks we like better than Voya Financial
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYA – Free Report).
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.
