Vident Investment Advisory LLC lowered its stake in shares of Voya Financial Inc (NYSE:VOYA) by 13.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,803 shares of the asset manager’s stock after selling 5,153 shares during the quarter. Vident Investment Advisory LLC’s holdings in Voya Financial were worth $1,530,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust bought a new position in Voya Financial during the second quarter valued at about $309,000. Nisa Investment Advisors LLC boosted its stake in Voya Financial by 14.5% during the second quarter. Nisa Investment Advisors LLC now owns 6,300 shares of the asset manager’s stock worth $294,000 after buying an additional 800 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Voya Financial by 12.6% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 14,975 shares of the asset manager’s stock valued at $699,000 after buying an additional 1,680 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Voya Financial by 9.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 39,105 shares of the asset manager’s stock valued at $1,824,000 after buying an additional 3,263 shares in the last quarter. Finally, Dubuque Bank & Trust bought a new position in shares of Voya Financial during the 2nd quarter worth about $270,000.
VOYA stock opened at $49.40 on Friday. The business has a fifty day moving average price of $47.26 and a 200 day moving average price of $48.86. Voya Financial Inc has a fifty-two week low of $29.75 and a fifty-two week high of $63.81. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of -12.63 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.15 and a quick ratio of 0.15.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 5th. The asset manager reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Voya Financial had a positive return on equity of 7.37% and a negative net margin of 6.66%. The company had revenue of $225.00 million for the quarter, compared to analyst estimates of $224.19 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, equities analysts expect that Voya Financial Inc will post 4.12 earnings per share for the current fiscal year.
A number of analysts recently weighed in on VOYA shares. JPMorgan Chase & Co. raised shares of Voya Financial from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, April 7th. Morgan Stanley upped their price objective on Voya Financial from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. ValuEngine downgraded Voya Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Cfra decreased their price target on Voya Financial from $69.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Finally, Piper Sandler dropped their price objective on Voya Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $56.67.
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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