Schroder Investment Management Group raised its stake in shares of Voya Financial Inc (NYSE:VOYA) by 22.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,800 shares of the asset manager’s stock after purchasing an additional 700 shares during the period. Schroder Investment Management Group’s holdings in Voya Financial were worth $210,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Voya Financial by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 6,322,502 shares of the asset manager’s stock valued at $349,634,000 after purchasing an additional 1,151,587 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Voya Financial by 4,011.9% in the second quarter. Nuveen Asset Management LLC now owns 4,667,991 shares of the asset manager’s stock worth $258,140,000 after acquiring an additional 4,554,466 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Voya Financial by 10.1% in the second quarter. Acadian Asset Management LLC now owns 2,668,280 shares of the asset manager’s stock worth $147,558,000 after acquiring an additional 244,023 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Voya Financial by 6.6% in the first quarter. Clearbridge Investments LLC now owns 1,994,280 shares of the asset manager’s stock worth $99,634,000 after acquiring an additional 124,249 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Voya Financial by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 1,286,972 shares of the asset manager’s stock worth $71,170,000 after acquiring an additional 4,140 shares during the last quarter.
In other Voya Financial news, Director Byron H. Pollitt, Jr. purchased 1,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $49.30 per share, for a total transaction of $49,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.69% of the stock is owned by insiders.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 6th. The asset manager reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.05. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. The firm had revenue of $278.00 million for the quarter, compared to the consensus estimate of $314.19 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. As a group, research analysts forecast that Voya Financial Inc will post 5.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. This is an increase from Voya Financial’s previous quarterly dividend of $0.01. Voya Financial’s payout ratio is currently 14.85%.
Several equities research analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. ValuEngine downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Morgan Stanley set a $63.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, 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. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.50.
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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