Keybank National Association OH trimmed its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 48.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 38,031 shares of the asset manager’s stock after selling 35,701 shares during the period. Keybank National Association OH’s holdings in Voya Financial were worth $2,103,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Hexavest Inc. acquired a new position in shares of Voya Financial during the 2nd quarter worth about $30,000. FNY Investment Advisers LLC acquired a new position in shares of Voya Financial during the 1st quarter worth about $74,000. ETF Managers Group LLC acquired a new position in shares of Voya Financial during the 1st quarter worth about $142,000. Cerebellum GP LLC acquired a new position in shares of Voya Financial during the 1st quarter worth about $176,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Voya Financial during the 1st quarter worth about $182,000.
Shares of VOYA stock opened at $49.22 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s 50-day moving average is $54.69 and its 200-day moving average is $52.57. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.43 and a beta of 1.46. Voya Financial Inc has a 52-week low of $36.66 and a 52-week high of $57.57.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 6th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.05. The company had revenue of $278.00 million for the quarter, compared to analysts’ expectations of $314.19 million. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. During the same period in the prior year, the firm earned $1.13 EPS. Sell-side analysts predict that Voya Financial Inc will post 5.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from Voya Financial’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, August 28th. Voya Financial’s dividend payout ratio is presently 0.99%.
A number of equities analysts have recently commented on VOYA shares. Royal Bank of Canada set a $60.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Morgan Stanley set a $64.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $59.20.
In other news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were bought at an average cost of $51.26 per share, with a total value of $51,260.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patricia J. Walsh sold 1,870 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total transaction of $100,400.30. Following the completion of the sale, the insider now directly owns 27,488 shares in the company, valued at $1,475,830.72. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 2,500 shares of company stock worth $125,555. 1.69% of the stock is owned by insiders.
Voya Financial Company Profile
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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