4,200 Shares in Voya Financial, Inc. (NYSE:VOYA) Bought by Arrowpoint Investment Partners Singapore Pte. Ltd.

Key Points

• Arrowpoint Investment Partners Singapore Pte. Ltd. acquired 4,200 shares of Voya Financial, Inc. for approximately $285,000 during the first quarter.
• The recent analysts' reports show an upward trend with price objectives raised by firms like Keefe, Bruyette & Woods and JPMorgan, with an average target price of $83.70.
• Voya Financial announced a quarterly dividend of $0.45 to be paid on September 26, reflecting a 2.5% yield based on an annualized dividend of $1.80.

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 4,200 shares of the asset manager's stock, valued at approximately $285,000.

A number of other large investors also recently modified their holdings of VOYA. Quarry LP bought a new position in shares of Voya Financial in the 4th quarter worth $37,000. Versant Capital Management Inc lifted its stake in Voya Financial by 666.4% during the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after acquiring an additional 773 shares in the last quarter. Blue Trust Inc. lifted its stake in Voya Financial by 36.9% during the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after acquiring an additional 256 shares in the last quarter. LRI Investments LLC lifted its stake in Voya Financial by 26.1% during the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after acquiring an additional 271 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Voya Financial by 142.9% during the 1st 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 in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director owned 355 shares of the company's stock, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

VOYA has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. UBS Group raised their price objective on Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays raised their price objective on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Finally, Morgan Stanley set a $89.00 target price on Voya Financial and gave the company an "overweight" rating in a research report on Monday, July 14th. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $83.70.

Voya Financial Trading Up 2.7%

Shares of Voya Financial stock opened at $72.89 on Wednesday. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The firm has a market cap of $7.03 billion, a PE ratio of 14.58, a P/E/G ratio of 0.65 and a beta of 0.99. The stock has a fifty day moving average price of $70.13 and a 200-day moving average price of $67.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28.

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

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be issued 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 dividend payout ratio (DPR) is 36.00%.

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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