Great Lakes Advisors LLC Has $26.86 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Great Lakes Advisors LLC grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 436,680 shares of the asset manager’s stock after buying an additional 9,491 shares during the quarter. Great Lakes Advisors LLC owned 0.38% of Voya Financial worth $26,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VOYA. Campbell & CO Investment Adviser LLC bought a new position in shares of Voya Financial during the second quarter valued at about $224,000. Great West Life Assurance Co. Can lifted its position in shares of Voya Financial by 5.4% during the second quarter. Great West Life Assurance Co. Can now owns 111,466 shares of the asset manager’s stock valued at $6,853,000 after purchasing an additional 5,712 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Voya Financial by 18.6% during the second quarter. Baird Financial Group Inc. now owns 40,068 shares of the asset manager’s stock valued at $2,464,000 after purchasing an additional 6,297 shares in the last quarter. BlackRock Inc. lifted its position in shares of Voya Financial by 6.7% during the second quarter. BlackRock Inc. now owns 11,874,249 shares of the asset manager’s stock valued at $730,267,000 after purchasing an additional 742,233 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Voya Financial by 96.2% during the second quarter. Eagle Asset Management Inc. now owns 40,010 shares of the asset manager’s stock valued at $2,460,000 after purchasing an additional 19,614 shares in the last quarter.

NYSE:VOYA traded down $0.05 during mid-day trading on Wednesday, hitting $59.59. 34,574 shares of the stock traded hands, compared to its average volume of 1,234,082. The business’s 50-day moving average price is $64.26 and its 200 day moving average price is $64.69. The company has a market cap of $6.76 billion, a PE ratio of 5.08 and a beta of 1.44. Voya Financial, Inc. has a 12-month low of $45.17 and a 12-month high of $70.68. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.41.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Thursday, August 26th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 25th. This represents a $0.66 annualized dividend and a yield of 1.11%. Voya Financial’s dividend payout ratio is currently 13.72%.

In related news, insider Nancy Ferrara sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $65.60, for a total transaction of $196,800.00. Following the completion of the transaction, the insider now owns 13,816 shares of the company’s stock, valued at $906,329.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.47% of the stock is currently owned by insiders.

A number of research analysts recently weighed in on the stock. lowered shares of Voya Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $73.00 to $72.00 in a research report on Thursday, June 17th. Credit Suisse Group lifted their price objective on shares of Voya Financial from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 19th. Finally, Citigroup lowered shares of Voya Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, June 17th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $72.33.

About Voya Financial

Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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