Voya Financial, Inc. (VOYA) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,946 shares of the asset manager’s stock after selling 4,334 shares during the period. Public Employees Retirement System of Ohio’s holdings in Voya Financial were worth $3,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Sterling Capital Management LLC increased its holdings in shares of Voya Financial by 309.9% during the second quarter. Sterling Capital Management LLC now owns 26,233 shares of the asset manager’s stock worth $968,000 after buying an additional 19,833 shares in the last quarter. Nomura Holdings Inc. boosted its position in Voya Financial by 52.4% during the second quarter. Nomura Holdings Inc. now owns 24,005 shares of the asset manager’s stock valued at $885,000 after acquiring an additional 8,258 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Voya Financial by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock valued at $276,000 after acquiring an additional 321 shares during the last quarter. BlueCrest Capital Management Ltd boosted its position in Voya Financial by 1,271.8% during the second quarter. BlueCrest Capital Management Ltd now owns 265,697 shares of the asset manager’s stock valued at $9,802,000 after acquiring an additional 246,329 shares during the last quarter. Finally, State Street Corp boosted its position in Voya Financial by 1.0% during the second quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock valued at $207,554,000 after acquiring an additional 56,189 shares during the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.

Voya Financial, Inc. (VOYA) traded up $0.33 on Tuesday, reaching $41.04. 1,506,800 shares of the company traded hands, compared to its average volume of 1,536,327. The company has a market cap of $7,317.50, a P/E ratio of 14.04, a PEG ratio of 0.73 and a beta of 1.62. Voya Financial, Inc. has a 52 week low of $33.53 and a 52 week high of $42.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same period last year, the business posted ($1.24) earnings per share. equities analysts anticipate that Voya Financial, Inc. will post 3.05 earnings per share for the current year.

Voya Financial declared that its Board of Directors has approved a stock buyback plan on Tuesday, October 31st that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s payout ratio is -2.23%.

VOYA has been the topic of a number of research analyst reports. BidaskClub raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. ValuEngine cut shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $51.00 price target on shares of Voya Financial in a research report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 price target (up previously from $44.00) on shares of Voya Financial in a research report on Wednesday, August 9th. Finally, Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $47.70.

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Voya Financial 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.

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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