Marshall Wace LLP purchased a new position in shares of Voya Financial Inc (NYSE:VOYA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 534,119 shares of the asset manager’s stock, valued at approximately $26,530,000. Marshall Wace LLP owned approximately 0.34% of Voya Financial at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. National Pension Service acquired a new stake in Voya Financial during the third quarter worth approximately $116,000. JBF Capital Inc. acquired a new stake in Voya Financial during the third quarter worth approximately $124,000. Cerebellum GP LLC acquired a new stake in Voya Financial during the third quarter worth approximately $184,000. Raymond James Trust N.A. acquired a new stake in Voya Financial during the third quarter worth approximately $203,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Voya Financial during the second quarter worth approximately $194,000.
NYSE VOYA opened at $42.87 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. Voya Financial Inc has a twelve month low of $40.49 and a twelve month high of $55.27. The firm has a market cap of $6.76 billion, a P/E ratio of 14.24, a PEG ratio of 0.56 and a beta of 1.41.
Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, October 30th. The asset manager reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.15. Voya Financial had a positive return on equity of 7.01% and a negative net margin of 28.31%. The company had revenue of $163.00 million for the quarter, compared to the consensus estimate of $297.80 million. During the same quarter last year, the business posted $0.51 EPS. On average, analysts forecast that Voya Financial Inc will post 4.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, November 30th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Thursday, November 29th. Voya Financial’s dividend payout ratio (DPR) is 1.33%.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada reduced their target price on Voya Financial to $55.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. ValuEngine downgraded Voya Financial from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Morgan Stanley reduced their target price on Voya Financial from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, November 13th. Finally, Credit Suisse Group reduced their target price on Voya Financial from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $59.00.
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Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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