Strs Ohio lessened its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 11.4% in the first quarter, HoldingsChannel.com reports. The fund owned 9,421 shares of the asset manager’s stock after selling 1,214 shares during the quarter. Strs Ohio’s holdings in Voya Financial were worth $470,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VOYA. Doyle Wealth Management acquired a new position in shares of Voya Financial in the 4th quarter valued at $35,000. Lindbrook Capital LLC acquired a new position in shares of Voya Financial in the 4th quarter valued at $37,000. Essex Savings Bank acquired a new position in shares of Voya Financial in the 4th quarter valued at $42,000. Capital Financial Planning LLC acquired a new position in shares of Voya Financial in the 4th quarter valued at $50,000. Finally, First Mercantile Trust Co. grew its holdings in shares of Voya Financial by 95.5% in the 4th quarter. First Mercantile Trust Co. now owns 1,310 shares of the asset manager’s stock valued at $52,000 after buying an additional 640 shares during the period.
VOYA opened at $53.71 on Thursday. The firm has a market capitalization of $7.99 billion, a P/E ratio of 13.29 and a beta of 1.48. Voya Financial Inc has a 12 month low of $36.66 and a 12 month high of $55.61. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.55.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 7th. The asset manager reported $1.07 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.05). The company had revenue of $194.00 million during the quarter, compared to the consensus estimate of $272.72 million. Voya Financial had a net margin of 10.28% and a return on equity of 8.04%. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, equities analysts forecast that Voya Financial Inc will post 5.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, May 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.07%. Voya Financial’s dividend payout ratio (DPR) is presently 0.99%.
VOYA has been the subject of several research analyst reports. ValuEngine raised shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Credit Suisse Group set a $59.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a research report on Friday, January 25th. Finally, TheStreet raised shares of Voya Financial from a “c+” rating to a “b-” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Voya Financial currently has a consensus rating of “Buy” and an average target price of $57.29.
In other Voya Financial news, insider Chetlur S. Ragavan sold 13,713 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $48.15, for a total transaction of $660,280.95. Following the sale, the insider now directly owns 57,595 shares of the company’s stock, valued at approximately $2,773,199.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chetlur S. Ragavan sold 1,853 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $49.98, for a total transaction of $92,612.94. Following the sale, the insider now directly owns 37,452 shares in the company, valued at $1,871,850.96. The disclosure for this sale can be found here. Insiders have sold a total of 50,049 shares of company stock worth $2,534,263 over the last three months. Insiders own 1.69% of the company’s stock.
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About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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