Voya Financial Inc (VOYA) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in Voya Financial Inc (NYSE:VOYA) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,362,197 shares of the asset manager’s stock after buying an additional 170,185 shares during the period. Dimensional Fund Advisors LP owned about 0.85% of Voya Financial worth $64,027,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in Voya Financial in the second quarter worth $140,094,000. FIL Ltd acquired a new position in shares of Voya Financial during the first quarter valued at $44,729,000. Carillon Tower Advisers Inc. acquired a new position in shares of Voya Financial during the first quarter valued at $4,399,000. Levin Capital Strategies L.P. boosted its holdings in shares of Voya Financial by 1,204.7% during the first quarter. Levin Capital Strategies L.P. now owns 798,335 shares of the asset manager’s stock valued at $40,316,000 after acquiring an additional 737,148 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Voya Financial by 5,859.3% during the first quarter. The Manufacturers Life Insurance Company now owns 396,593 shares of the asset manager’s stock valued at $20,028,000 after acquiring an additional 389,938 shares during the period.
Voya Financial stock traded up $0.21 during midday trading on Friday, hitting $47.47. The company’s stock had a trading volume of 1,646,524 shares, compared to its average volume of 1,888,167. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.59. Voya Financial Inc has a 12 month low of $39.30 and a 12 month high of $55.27. The stock has a market cap of $7.98 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.42.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Friday, August 31st were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date was Thursday, August 30th. Voya Financial’s dividend payout ratio (DPR) is presently 1.33%.
Several brokerages have recently issued reports on VOYA. ValuEngine downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Goldman Sachs Group reissued a “neutral” rating and set a $60.00 price target on shares of Voya Financial in a report on Wednesday, June 27th. Credit Suisse Group boosted their price target on shares of Voya Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 17th. Finally, Barclays reduced their price target on shares of Voya Financial from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, July 9th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Voya Financial currently has a consensus rating of “Buy” and an average price target of $59.46.
Voya Financial 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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