OppenheimerFunds Inc. trimmed its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 33.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of Voya Financial in the second quarter valued at about $140,094,000. LSV Asset Management raised its holdings in Voya Financial by 3.5% in the second quarter. LSV Asset Management now owns 2,598,100 shares of the asset manager’s stock worth $122,110,000 after purchasing an additional 88,300 shares in the last quarter. Scout Investments Inc. raised its holdings in Voya Financial by 12.3% in the second quarter. Scout Investments Inc. now owns 1,587,114 shares of the asset manager’s stock worth $74,594,000 after purchasing an additional 173,385 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Voya Financial by 23.4% in the first quarter. Point72 Asset Management L.P. now owns 1,460,661 shares of the asset manager’s stock worth $73,763,000 after purchasing an additional 276,765 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Voya Financial by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,362,197 shares of the asset manager’s stock worth $64,027,000 after purchasing an additional 170,185 shares in the last quarter.
Voya Financial stock traded up $0.54 during mid-day trading on Monday, hitting $51.92. The company had a trading volume of 1,073,400 shares, compared to its average volume of 1,892,998. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.59. Voya Financial Inc has a 12-month low of $39.30 and a 12-month high of $55.27. The firm has a market cap of $7.98 billion, a PE ratio of 16.99, a P/E/G ratio of 0.65 and a beta of 1.42.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, August 1st. The asset manager reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.04. The business had revenue of $238.00 million during the quarter, compared to the consensus estimate of $302.38 million. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. During the same period in the prior year, the company posted $0.89 EPS. On average, equities research analysts forecast that Voya Financial Inc will post 4.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Friday, August 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend was Thursday, August 30th. Voya Financial’s payout ratio is 1.33%.
A number of brokerages have commented on VOYA. ValuEngine downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Goldman Sachs Group restated a “neutral” rating and set a $60.00 price target on shares of Voya Financial in a research note on Wednesday, June 27th. Credit Suisse Group boosted their price target on Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, August 17th. Finally, Barclays dropped their target price on Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, July 9th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Voya Financial presently has an average rating of “Buy” and a consensus target price of $59.46.
Voya Financial Company 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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