Candriam Luxembourg S.C.A. lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 9.6% during the third quarter, Holdings Channel reports. The institutional investor owned 4,405 shares of the asset manager’s stock after selling 467 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Voya Financial were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bbva USA lifted its position in shares of Voya Financial by 222.4% during the 3rd quarter. Bbva USA now owns 648 shares of the asset manager’s stock valued at $40,000 after buying an additional 447 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new stake in shares of Voya Financial during the 2nd quarter valued at $153,000. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Voya Financial during the 3rd quarter valued at $166,000. Capula Management Ltd bought a new stake in shares of Voya Financial during the 2nd quarter valued at $213,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Voya Financial during the 2nd quarter valued at $221,000.
A number of analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Voya Financial from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, January 4th. JPMorgan Chase & Co. boosted their price objective on Voya Financial from $74.00 to $77.00 in a research note on Tuesday, January 4th. The Goldman Sachs Group assumed coverage on Voya Financial in a research note on Thursday, December 2nd. They set a “neutral” rating and a $75.00 price objective on the stock. Evercore ISI upgraded Voya Financial from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $66.00 to $82.00 in a research note on Wednesday, January 5th. Finally, Piper Sandler upped their target price on Voya Financial from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Buy” and a consensus price target of $76.38.
VOYA opened at $74.49 on Friday. The stock has a 50-day moving average price of $66.30 and a 200-day moving average price of $65.21. Voya Financial, Inc. has a 12-month low of $54.46 and a 12-month high of $74.58. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $8.27 billion, a P/E ratio of 4.79 and a beta of 1.45.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, November 2nd. The asset manager reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $1.00. The firm had revenue of $453.00 million during the quarter, compared to analysts’ expectations of $285.00 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. On average, equities research analysts predict that Voya Financial, Inc. will post 7.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 29th. Stockholders of record on Monday, November 29th were issued a $0.20 dividend. This is a boost from Voya Financial’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 26th. Voya Financial’s dividend payout ratio is presently 5.15%.
Voya Financial Profile
Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.
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