Petrus Trust Company LTA Invests $254,000 in Voya Financial, Inc. $VOYA

Key Points

• Petrus Trust Company LTA acquired 3,751 shares of Voya Financial, valued at approximately $254,000, enhancing its position in the firm during the first quarter.
• Several institutional investors, including Greenleaf Trust and Fifth Third Bancorp, increased their stakes in Voya Financial, with total institutional ownership at 96.10% of the company's stock.
• Voya Financial reported earnings of $2.40 per share, surpassing estimates, and announced a quarterly dividend of $0.45, yielding 2.4% annually.

Petrus Trust Company LTA acquired a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,751 shares of the asset manager's stock, valued at approximately $254,000.

A number of other hedge funds also recently bought and sold shares of the company. Interval Partners LP purchased a new stake in Voya Financial during the first quarter valued at about $11,369,000. Advisors Asset Management Inc. lifted its stake in Voya Financial by 6.0% during the first quarter. Advisors Asset Management Inc. now owns 18,819 shares of the asset manager's stock valued at $1,275,000 after buying an additional 1,063 shares in the last quarter. Amundi lifted its position in shares of Voya Financial by 39.9% in the first quarter. Amundi now owns 331,574 shares of the asset manager's stock worth $20,707,000 after purchasing an additional 94,504 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Voya Financial by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 4,689 shares of the asset manager's stock worth $318,000 after purchasing an additional 228 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Voya Financial by 21.7% in the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager's stock worth $5,741,000 after purchasing an additional 15,091 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. UBS Group increased their price objective on Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays increased 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. Morgan Stanley increased their price objective on Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. increased their price objective on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Voya Financial presently has a consensus rating of "Moderate Buy" and an average target price of $83.70.

Voya Financial Stock Performance

VOYA stock traded up $0.58 during midday trading on Friday, hitting $77.21. 708,620 shares of the company traded hands, compared to its average volume of 742,248. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. The business has a 50 day simple moving average of $73.28 and a 200-day simple moving average of $68.19. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, beating the consensus estimate of $2.09 by $0.31. The company had revenue of $1.98 billion for 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 company's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.18 earnings per share. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 2.3%. Voya Financial's dividend payout ratio (DPR) is presently 36.00%.

About Voya Financial

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.