Pekin Singer Strauss Asset Management IL lessened its position in Voya Financial Inc (NYSE:VOYA) by 16.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 76,921 shares of the asset manager’s stock after selling 15,430 shares during the quarter. Pekin Singer Strauss Asset Management IL’s holdings in Voya Financial were worth $3,821,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in shares of Voya Financial during the first quarter worth $203,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Voya Financial by 46.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock worth $157,000 after purchasing an additional 983 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Voya Financial by 66.0% during the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock worth $128,000 after purchasing an additional 1,007 shares during the period. DnB Asset Management AS acquired a new stake in shares of Voya Financial during the second quarter worth $728,000. Finally, IFM Investors Pty Ltd raised its position in shares of Voya Financial by 29.3% during the second quarter. IFM Investors Pty Ltd now owns 9,096 shares of the asset manager’s stock worth $428,000 after purchasing an additional 2,059 shares during the period.
VOYA has been the topic of a number of research analyst reports. Credit Suisse Group lifted their price target on Voya Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 17th. Barclays lowered their price target on Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, July 9th. Morgan Stanley lowered their price target on Voya Financial from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, October 31st. Royal Bank of Canada lowered their price target on Voya Financial to $55.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, ValuEngine downgraded Voya Financial from a “hold” rating to a “sell” rating in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Voya Financial has a consensus rating of “Buy” and a consensus price target of $59.08.
Shares of NYSE VOYA opened at $44.23 on Monday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60. Voya Financial Inc has a one year low of $40.49 and a one year high of $55.27. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 0.57 and a beta of 1.45.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, October 30th. The asset manager reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. Voya Financial had a positive return on equity of 7.01% and a negative net margin of 28.31%. The firm had revenue of $163.00 million for the quarter, compared to the consensus estimate of $297.80 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, equities research analysts anticipate that Voya Financial Inc will post 4.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, November 30th will be paid a $0.01 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.09%. Voya Financial’s dividend payout ratio (DPR) is currently 1.33%.
Voya Financial 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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