XTX Topco Ltd Invests $921,000 in Voya Financial, Inc. (NYSE:VOYA)

Key Points

• XTX Topco Ltd purchased 13,589 shares of Voya Financial valued at approximately $921,000, marking a significant new investment in the asset management company.
• Voya Financial reported a quarterly EPS of $2.15, exceeding analysts' expectations, despite a revenue decline of 4% compared to the previous year.
• The company declared a quarterly dividend of $0.45, representing an annualized yield of 2.7%, to be paid on September 26th.

XTX Topco Ltd bought a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,589 shares of the asset manager's stock, valued at approximately $921,000.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Voya Financial in the fourth quarter valued at approximately $37,000. Versant Capital Management Inc lifted its position in shares of Voya Financial by 666.4% in the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after acquiring an additional 773 shares during the period. Blue Trust Inc. raised its stake in shares of Voya Financial by 36.9% in the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after buying an additional 256 shares in the last quarter. LRI Investments LLC grew its stake in shares of Voya Financial by 26.1% in the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after purchasing an additional 271 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Voya Financial by 142.9% during the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock valued at $91,000 after acquiring an additional 790 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company's stock.

Voya Financial Price Performance

NYSE VOYA traded up $5.22 on Wednesday, hitting $73.17. 1,749,650 shares of the company's stock were exchanged, compared to its average volume of 946,330. The stock has a 50-day moving average of $69.60 and a 200-day moving average of $67.59. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 0.62 and a beta of 0.99. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating the consensus estimate of $1.59 by $0.56. The business had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The firm's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. Analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.5%. Voya Financial's payout ratio is currently 36.00%.

Analysts Set New Price Targets

Several research firms have issued reports on VOYA. Barclays upped their price objective on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Wells Fargo & Company upped their target price on shares of Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Morgan Stanley set a $89.00 target price on shares of Voya Financial and gave the stock an "overweight" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods raised their price target on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.