State of New Jersey Common Pension Fund D lessened its holdings in Voya Financial Inc (NYSE:VOYA) by 36.4% during the third quarter, HoldingsChannel reports. The firm owned 350,000 shares of the asset manager’s stock after selling 200,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Voya Financial were worth $17,385,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position in Voya Financial by 46.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock worth $157,000 after acquiring an additional 983 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Voya Financial by 66.0% during the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock worth $128,000 after acquiring an additional 1,007 shares in the last quarter. Gideon Capital Advisors Inc. raised its position in Voya Financial by 36.4% during the second quarter. Gideon Capital Advisors Inc. now owns 5,761 shares of the asset manager’s stock worth $271,000 after acquiring an additional 1,537 shares in the last quarter. Yorktown Management & Research Co Inc raised its position in Voya Financial by 8.2% during the second quarter. Yorktown Management & Research Co Inc now owns 20,450 shares of the asset manager’s stock worth $961,000 after acquiring an additional 1,550 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Voya Financial by 0.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 245,057 shares of the asset manager’s stock worth $11,518,000 after acquiring an additional 1,910 shares in the last quarter.
NYSE:VOYA opened at $46.65 on Friday. Voya Financial Inc has a one year low of $39.70 and a one year high of $55.27. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 0.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.18 and a current ratio of 0.18.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data 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 negative net margin of 27.27% and a positive return on equity of 5.07%. The firm had revenue of $238.00 million for the quarter, compared to the consensus estimate of $302.38 million. During the same period in the previous year, the company earned $0.89 earnings per share. On average, analysts predict that Voya Financial Inc will post 4.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Friday, August 31st were issued a $0.01 dividend. The ex-dividend date was Thursday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. Voya Financial’s dividend payout ratio is currently 1.33%.
Several research firms have issued reports on VOYA. ValuEngine lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $60.00 price target on shares of Voya Financial in a research report on Wednesday, June 27th. Credit Suisse Group upped their price target on shares of Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, August 17th. Finally, Barclays decreased their price objective on shares of Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, July 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $59.46.
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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