Aquatic Capital Management LLC Buys Shares of 48,288 Voya Financial, Inc. (NYSE:VOYA)

Aquatic Capital Management LLC acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 48,288 shares of the asset manager's stock, valued at approximately $3,324,000. Aquatic Capital Management LLC owned 0.05% of Voya Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd acquired a new stake in Voya Financial in the 4th quarter valued at approximately $41,000. Venturi Wealth Management LLC increased its position in Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after buying an additional 201 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in shares of Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after buying an additional 169 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VOYA shares. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays dropped their price objective on shares of Voya Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $76.00 to $87.00 in a research note on Friday, February 28th. UBS Group lowered their price target on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $80.92.

Voya Financial Price Performance

Shares of NYSE:VOYA traded up $2.10 during trading on Friday, reaching $61.10. The stock had a trading volume of 779,890 shares, compared to its average volume of 856,011. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock has a market capitalization of $5.88 billion, a PE ratio of 9.98, a P/E/G ratio of 0.48 and a beta of 0.95. The business's 50-day moving average price is $63.52 and its 200 day moving average price is $70.93. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, equities analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is presently 29.41%.

Voya Financial Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.