Schonfeld Strategic Advisors LLC acquired a new position in shares of Voya Financial Inc (NYSE:VOYA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 71,988 shares of the asset manager’s stock, valued at approximately $3,358,000.
A number of other hedge funds also recently added to or reduced their stakes in VOYA. Public Employees Retirement Association of Colorado increased its position in Voya Financial by 22.7% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 18,251 shares of the asset manager’s stock worth $740,000 after purchasing an additional 3,379 shares in the last quarter. Comerica Bank increased its position in Voya Financial by 17.5% during the 1st quarter. Comerica Bank now owns 8,033 shares of the asset manager’s stock worth $336,000 after purchasing an additional 1,198 shares in the last quarter. Rhumbline Advisers increased its position in Voya Financial by 26.1% in the 1st quarter. Rhumbline Advisers now owns 173,658 shares of the asset manager’s stock valued at $7,042,000 after acquiring an additional 35,903 shares during the period. Oppenheimer Asset Management Inc. increased its position in Voya Financial by 76.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,199 shares of the asset manager’s stock valued at $981,000 after acquiring an additional 10,471 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Voya Financial by 52.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,224 shares of the asset manager’s stock valued at $171,000 after acquiring an additional 1,455 shares during the period.
Several equities analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Voya Financial from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Barclays assumed coverage on shares of Voya Financial in a research report on Thursday, August 13th. They issued an “overweight” rating and a $60.00 price target for the company. Piper Sandler upped their price target on shares of Voya Financial from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 price target on shares of Voya Financial in a research report on Monday, July 20th. Finally, Truist Financial upped their price target on shares of Voya Financial from $45.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $57.18.
NYSE:VOYA opened at $47.70 on Friday. The firm’s fifty day moving average is $50.54 and its 200-day moving average is $46.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.14 and a current ratio of 0.14. Voya Financial Inc has a 52 week low of $29.75 and a 52 week high of $63.81. The firm has a market cap of $6.02 billion, a P/E ratio of -7.99 and a beta of 1.41.
Voya Financial (NYSE:VOYA) last issued its earnings results on Wednesday, August 5th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.66). The company had revenue of $93.00 million for the quarter, compared to the consensus estimate of $221.50 million. Voya Financial had a positive return on equity of 6.56% and a negative net margin of 11.29%. As a group, sell-side analysts anticipate that Voya Financial Inc will post 3.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, August 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, August 28th. Voya Financial’s dividend payout ratio is presently 14.22%.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The 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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