BlackRock Advisors LLC raised its position in Voya Financial Inc. (NYSE:VOYA) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,995 shares of the company’s stock after buying an additional 4,911 shares during the period. BlackRock Advisors LLC owned approximately 0.17% of Voya Financial worth $8,641,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in VOYA. Zweig DiMenna Associates LLC purchased a new stake in Voya Financial during the second quarter valued at approximately $208,000. Advance Capital I Inc. purchased a new stake in Voya Financial during the second quarter valued at approximately $228,000. Bayesian Capital Management LP purchased a new stake in Voya Financial during the first quarter valued at approximately $307,000. Advisors Asset Management Inc. raised its stake in Voya Financial by 18.0% in the second quarter. Advisors Asset Management Inc. now owns 10,561 shares of the company’s stock valued at $261,000 after buying an additional 1,610 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Voya Financial by 3.8% in the second quarter. M&T Bank Corp now owns 11,026 shares of the company’s stock valued at $273,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 96.83% of the company’s stock.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.79. Voya Financial had a net margin of 2.88% and a return on equity of 3.44%. During the same quarter in the previous year, the firm posted $0.78 EPS.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.01 per share. The ex-dividend date was Monday, August 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. Voya Financial’s dividend payout ratio (DPR) is presently 2.86%.
Several equities analysts have issued reports on VOYA shares. Deutsche Bank AG decreased their price objective on shares of Voya Financial from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Zacks Investment Research downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $38.00 price objective on shares of Voya Financial in a report on Wednesday, July 6th. Citigroup Inc. decreased their price objective on shares of Voya Financial from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, Evercore ISI started coverage on shares of Voya Financial in a report on Wednesday, July 6th. They set a “hold” rating and a $31.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Voya Financial presently has an average rating of “Buy” and an average price target of $38.75.
About Voya Financial
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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