Geode Capital Management LLC decreased its holdings in Voya Financial Inc (NYSE:VOYA) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,513,803 shares of the asset manager’s stock after selling 24,693 shares during the period. Geode Capital Management LLC owned about 0.84% of Voya Financial worth $74,840,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Voya Financial in the fourth quarter valued at approximately $133,000. Eagle Global Advisors LLC acquired a new position in shares of Voya Financial in the fourth quarter valued at approximately $247,000. IFM Investors Pty Ltd acquired a new stake in Voya Financial during the third quarter worth approximately $254,000. Stephens Inc. AR acquired a new stake in Voya Financial during the third quarter worth approximately $273,000. Finally, Private Advisor Group LLC acquired a new stake in Voya Financial during the third quarter worth approximately $274,000.
In other Voya Financial news, insider Kevin D. Silva sold 5,480 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $51.70, for a total value of $283,316.00. Following the sale, the insider now owns 14,577 shares of the company’s stock, valued at approximately $753,630.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kevin D. Silva sold 895 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.77, for a total value of $45,439.15. Following the completion of the sale, the insider now directly owns 9,299 shares in the company, valued at approximately $472,110.23. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Shares of Voya Financial Inc (VOYA) opened at $54.15 on Wednesday. The firm has a market capitalization of $9,920.00, a price-to-earnings ratio of -23.54, a price-to-earnings-growth ratio of 0.67 and a beta of 1.56. Voya Financial Inc has a twelve month low of $33.53 and a twelve month high of $54.87. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.45.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.17. The firm had revenue of $2.19 billion for the quarter. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. equities research analysts expect that Voya Financial Inc will post 4.3 earnings per share for the current year.
Voya Financial declared that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Tuesday, February 27th. Voya Financial’s dividend payout ratio is presently -1.74%.
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About Voya Financial
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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