Ferguson Wellman Capital Management Inc. grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,056 shares of the asset manager’s stock after buying an additional 1,711 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.29% of Voya Financial worth $20,585,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. grew its stake in shares of Voya Financial by 73.0% in the first quarter. American Century Companies Inc. now owns 32,836 shares of the asset manager’s stock valued at $2,179,000 after buying an additional 13,861 shares in the last quarter. HighTower Advisors LLC lifted its stake in Voya Financial by 6.5% in the 1st quarter. HighTower Advisors LLC now owns 3,960 shares of the asset manager’s stock valued at $262,000 after purchasing an additional 243 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Voya Financial by 41.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,368 shares of the asset manager’s stock worth $290,000 after purchasing an additional 1,270 shares during the period. Natixis Advisors L.P. increased its position in Voya Financial by 18.9% during the first quarter. Natixis Advisors L.P. now owns 28,056 shares of the asset manager’s stock worth $1,862,000 after buying an additional 4,469 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Voya Financial in the first quarter valued at approximately $226,000. Institutional investors own 96.10% of the company’s stock.
Insider Transactions at Voya Financial
In related news, Director Yvette S. Butler sold 2,074 shares of Voya Financial stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $72.93, for a total value of $151,256.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.44% of the stock is currently owned by insiders.
Voya Financial Price Performance
Voya Financial (NYSE:VOYA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The asset manager reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.26. Voya Financial had a return on equity of 16.61% and a net margin of 10.53%. The company had revenue of $347.00 million for the quarter, compared to analysts’ expectations of $319.09 million. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.41 earnings per share for the current fiscal year.
Voya Financial Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, August 28th will be given a $0.40 dividend. The ex-dividend date is Friday, August 25th. This is a boost from Voya Financial’s previous quarterly dividend of $0.20. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. Voya Financial’s payout ratio is presently 28.42%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on VOYA. StockNews.com started coverage on Voya Financial in a report on Thursday, August 17th. They set a “hold” rating on the stock. Wells Fargo & Company increased their price objective on shares of Voya Financial from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Morgan Stanley lifted their target price on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Citigroup increased their price target on shares of Voya Financial from $85.00 to $86.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Jefferies Financial Group reduced their price objective on Voya Financial from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.89.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.
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