15,838 Shares in Voya Financial, Inc. $VOYA Acquired by Lecap Asset Management Ltd.

Key Points

• Lecap Asset Management Ltd. has purchased 15,838 shares of Voya Financial, valued at approximately $1,124,000, signaling growing institutional interest in the company.
• Multiple analysts have raised their price targets for Voya Financial, with Morgan Stanley increasing its target from $89 to $90, reflecting optimism about the stock's performance.
• Voya Financial recently declared a quarterly dividend of $0.45 per share, resulting in an annualized dividend yield of 2.4%.

Lecap Asset Management Ltd. bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,838 shares of the asset manager's stock, valued at approximately $1,124,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Voya Financial by 23.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager's stock valued at $384,849,000 after buying an additional 1,095,190 shares in the last quarter. Wellington Management Group LLP grew its holdings in Voya Financial by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager's stock valued at $373,505,000 after buying an additional 280,316 shares in the last quarter. Kelly Financial Group LLC acquired a new position in Voya Financial in the 1st quarter valued at $270,680,000. Pzena Investment Management LLC grew its holdings in shares of Voya Financial by 0.9% during the 1st quarter. Pzena Investment Management LLC now owns 3,599,164 shares of the asset manager's stock worth $243,879,000 after purchasing an additional 32,061 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Voya Financial by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,369,510 shares of the asset manager's stock worth $160,552,000 after purchasing an additional 163,211 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VOYA. Evercore ISI increased their target price on Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Wells Fargo & Company increased their target price on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Barclays increased their target price on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. increased their target price on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley upped their price objective on Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of "Moderate Buy" and an average price target of $83.70.

Voya Financial Trading Down 0.6%

Shares of VOYA stock opened at $74.34 on Thursday. The company has a market cap of $7.17 billion, a P/E ratio of 14.87, a PEG ratio of 0.56 and a beta of 0.98. The stock has a 50 day simple moving average of $74.18 and a two-hundred day simple moving average of $68.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.31. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.18 earnings per share. Research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.4%. Voya Financial's dividend payout ratio is 36.00%.

Voya Financial Company 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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