13,195 Shares in Voya Financial, Inc. $VOYA Bought by FORA Capital LLC

Key Points

• FORA Capital LLC acquired 13,195 shares of Voya Financial, Inc., representing an investment of approximately $894,000 in the first quarter.
• Voya Financial reported $2.40 EPS for the recent quarter, surpassing estimates and contributing to a net margin of 6.73%.
• The company has announced a quarterly dividend of $0.45, reflecting an annualized dividend yield of 2.4%.

FORA Capital LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,195 shares of the asset manager's stock, valued at approximately $894,000.

A number of other large investors have also recently bought and sold shares of the business. Greenleaf Trust boosted its stake in Voya Financial by 3.1% during the 1st quarter. Greenleaf Trust now owns 6,301 shares of the asset manager's stock worth $427,000 after purchasing an additional 190 shares during the period. State of Michigan Retirement System boosted its stake in Voya Financial by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager's stock worth $1,560,000 after purchasing an additional 200 shares during the period. Fifth Third Bancorp boosted its stake in Voya Financial by 13.7% during the 1st quarter. Fifth Third Bancorp now owns 1,747 shares of the asset manager's stock worth $118,000 after purchasing an additional 211 shares during the period. Wealthspire Advisors LLC boosted its stake in Voya Financial by 7.4% during the 1st quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager's stock worth $216,000 after purchasing an additional 219 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Voya Financial by 5.7% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,427 shares of the asset manager's stock worth $300,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Down 0.0%

Shares of NYSE VOYA opened at $75.89 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The firm has a 50-day moving average price of $71.91 and a 200 day moving average price of $68.00. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the business earned $2.18 earnings per share. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Voya Financial's dividend payout ratio (DPR) is 36.00%.

Analysts Set New Price Targets

VOYA has been the subject of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Evercore ISI raised their target price on shares of Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada raised their target price on shares of Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Keefe, Bruyette & Woods raised their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley raised their target price on shares of Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $83.70.

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.

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