OppenheimerFunds Inc. lessened its holdings in Voya Financial Inc (NYSE:VOYA) by 33.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 498,819 shares of the asset manager’s stock after selling 255,263 shares during the quarter. OppenheimerFunds Inc. owned 0.31% of Voya Financial worth $23,445,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its position in shares of Voya Financial by 66.0% in the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after acquiring an additional 1,007 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Voya Financial by 46.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock valued at $157,000 after acquiring an additional 983 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Voya Financial in the first quarter valued at about $203,000. Wetherby Asset Management Inc. bought a new stake in shares of Voya Financial in the second quarter valued at about $204,000. Finally, Gideon Capital Advisors Inc. bought a new stake in shares of Voya Financial in the first quarter valued at about $213,000.
A number of research firms recently commented on VOYA. Wells Fargo & Co reaffirmed a “buy” rating and issued a $64.00 price target on shares of Voya Financial in a research note on Monday, June 4th. Barclays began coverage on Voya Financial in a research note on Friday, June 8th. They issued an “equal weight” rating and a $55.00 price target for the company. ValuEngine downgraded Voya Financial from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Voya Financial in a research note on Wednesday, June 27th. Finally, Credit Suisse Group boosted their price target on Voya Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, August 17th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Voya Financial has a consensus rating of “Buy” and a consensus target price of $59.46.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, August 1st. The asset manager reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.04. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. The business had revenue of $238.00 million for the quarter, compared to analysts’ expectations of $302.38 million. During the same period in the prior year, the business posted $0.89 earnings per share. sell-side analysts predict that Voya Financial Inc will post 4.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Friday, August 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, August 30th. Voya Financial’s payout ratio is presently 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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