Voya Financial, Inc. (VOYA) Holdings Trimmed by Overbrook Management Corp
Overbrook Management Corp decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 55.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,694 shares of the asset manager’s stock after selling 131,239 shares during the period. Voya Financial comprises 0.8% of Overbrook Management Corp’s investment portfolio, making the stock its 24th biggest position. Overbrook Management Corp owned approximately 0.06% of Voya Financial worth $3,825,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Paragon Capital Management Ltd purchased a new position in Voya Financial in the second quarter valued at $239,000. Wells Fargo & Company MN increased its holdings in Voya Financial by 82.8% in the first quarter. Wells Fargo & Company MN now owns 498,044 shares of the asset manager’s stock valued at $18,906,000 after buying an additional 225,521 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Voya Financial by 88.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock valued at $95,841,000 after buying an additional 1,187,263 shares in the last quarter. Comerica Bank increased its holdings in Voya Financial by 19.5% in the first quarter. Comerica Bank now owns 11,847 shares of the asset manager’s stock valued at $446,000 after buying an additional 1,934 shares in the last quarter. Finally, Oxford Asset Management purchased a new position in Voya Financial in the first quarter valued at $1,747,000. 97.61% of the stock is owned by institutional investors.
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A number of research analysts have weighed in on the stock. ValuEngine raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. BidaskClub lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Royal Bank Of Canada lifted their target price on shares of Voya Financial from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.11.
Shares of Voya Financial, Inc. (NYSE VOYA) traded up 0.32% during mid-day trading on Wednesday, hitting $37.55. 237,430 shares of the stock traded hands. Voya Financial, Inc. has a 12-month low of $27.73 and a 12-month high of $42.96. The firm’s 50 day moving average price is $38.42 and its 200 day moving average price is $37.65. The firm’s market cap is $6.75 billion.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.18). The company had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same quarter in the prior year, the business earned $0.79 EPS. On average, equities research analysts predict that Voya Financial, Inc. will post $3.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. Voya Financial’s payout ratio is -1.04%.
In related news, insider Kevin D. Silva sold 8,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total value of $342,380.00. Following the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at approximately $216,666.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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