Oregon Public Employees Retirement Fund decreased its position in shares of Voya Financial Inc (NYSE:VOYA) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,225 shares of the asset manager’s stock after selling 24,410 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Voya Financial were worth $1,574,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of VOYA. Penserra Capital Management LLC acquired a new stake in shares of Voya Financial during the 4th quarter worth $83,000. Smith Asset Management Group LP acquired a new stake in shares of Voya Financial during the 4th quarter worth $7,543,000. Victory Capital Management Inc. grew its holdings in shares of Voya Financial by 4.7% during the 4th quarter. Victory Capital Management Inc. now owns 593,746 shares of the asset manager’s stock worth $23,833,000 after purchasing an additional 26,429 shares in the last quarter. Redpoint Investment Management Pty Ltd grew its holdings in shares of Voya Financial by 96.0% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 109,124 shares of the asset manager’s stock worth $4,380,000 after purchasing an additional 53,435 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Voya Financial during the 4th quarter worth $500,000.
NYSE:VOYA traded up $0.16 during trading hours on Monday, hitting $47.81. The company’s stock had a trading volume of 2,316 shares, compared to its average volume of 1,467,641. The firm has a market capitalization of $7.41 billion, a PE ratio of 11.87 and a beta of 1.44. The company has a quick ratio of 0.17, a current ratio of 0.16 and a debt-to-equity ratio of 0.55. Voya Financial Inc has a twelve month low of $36.66 and a twelve month high of $55.27.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 5th. The asset manager reported $1.32 EPS for the quarter, beating the consensus estimate of $1.22 by $0.10. Voya Financial had a return on equity of 8.04% and a net margin of 10.28%. During the same period in the prior year, the firm earned $0.87 earnings per share. On average, analysts anticipate that Voya Financial Inc will post 5.3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, February 28th will be given a $0.01 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $0.04 annualized dividend and a yield of 0.08%. Voya Financial’s dividend payout ratio is presently 0.99%.
Several analysts recently weighed in on VOYA shares. Credit Suisse Group set a $59.00 price objective on Voya Financial and gave the company a “buy” rating in a research note on Friday, January 25th. ValuEngine raised Voya Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Morgan Stanley reduced their price objective on Voya Financial from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 13th. Royal Bank of Canada reduced their price objective on Voya Financial to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. Finally, Goldman Sachs Group raised Voya Financial from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $60.00 to $54.00 in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.09.
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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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