Snow Capital Management Lp buys $62.6 Million stake in Voya Financial Inc (VOYA)

Voya Financial Inc (VOYA) : Snow Capital Management Lp scooped up 38,561 additional shares in Voya Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,067,641 shares of Voya Financial Inc which is valued at $62.6 Million.Voya Financial Inc makes up approximately 2.82% of Snow Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp reduced its stake in VOYA by selling 546 shares or 8.22% in the most recent quarter. The Hedge Fund company now holds 6,100 shares of VOYA which is valued at $184,830. Voya Financial Inc makes up approx 0.01% of Mufg Americas Holdings Corp’s portfolio.Penserra Capital Management boosted its stake in VOYA in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 198 shares of Voya Financial Inc which is valued at $5,999.Blackrock Japan Ltd reduced its stake in VOYA by selling 54,756 shares or 8.84% in the most recent quarter. The Hedge Fund company now holds 564,680 shares of VOYA which is valued at $17.1 Million. Voya Financial Inc makes up approx 0.06% of Blackrock Japan Ltd’s portfolio.Bks Advisors reduced its stake in VOYA by selling 9,975 shares or 35.22% in the most recent quarter. The Hedge Fund company now holds 18,345 shares of VOYA which is valued at $555,854. Voya Financial Inc makes up approx 0.30% of Bks Advisors’s portfolio.Bronfman E.l. Rothschild reduced its stake in VOYA by selling 11 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 422 shares of VOYA which is valued at $12,740.

Voya Financial Inc opened for trading at $30.4 and hit $30.86 on the upside on Monday, eventually ending the session at $30.66, with a gain of 1.19% or 0.36 points. The heightened volatility saw the trading volume jump to 24,98,970 shares. Company has a market cap of $6,253 M.

On the company’s financial health, Voya Financial Inc reported $0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.70.Analysts expectations of $ 2101.39.During the same quarter in the previous year, the company posted $0.82 EPS.

Investors should note that on Apr 27, 2016, Voya Financial Inc announced a cash dividend of $0.0100. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 29, 2016.

Many Wall Street Analysts have commented on Voya Financial Inc. Shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Top Pick” and Lowered the Price Target to $ 42 from a previous price target of $46 .

Voya Financial Inc. is a retirement investment and insurance company. The Company provides retirement services annuities investment management services mutual funds life insurance group insurance and supplemental health products guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income equity multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.

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