Alyeska Investment Group L.P. Takes $27.16 Million Position in Voya Financial, Inc. $VOYA

Key Points

• Alyeska Investment Group acquired 300,000 Voya Financial shares worth approximately $27.16 million, representing a 0.33% stake. Institutional investors collectively own 96.10% of the company.
• Analyst sentiment is broadly positive: Voya has a “Moderate Buy” consensus rating and an average price target of $103.85, with several firms recently raising their targets.
• Voya reported quarterly EPS of $1.51, below the $1.98 consensus estimate, while revenue declined 4.3% year over year. The company also announced a quarterly dividend of $0.47 per share, equating to a 1.8% yield.

Alyeska Investment Group L.P. bought a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 300,000 shares of the asset manager's stock, valued at approximately $27,159,000. Alyeska Investment Group L.P. owned 0.33% of Voya Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. Royal Bank of Canada boosted its holdings in Voya Financial by 21.7% in the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager's stock valued at $5,741,000 after purchasing an additional 15,091 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Voya Financial by 8.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager's stock valued at $44,861,000 after buying an additional 51,376 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Voya Financial by 13.5% in the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager's stock valued at $2,564,000 after buying an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Voya Financial by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager's stock valued at $25,081,000 after acquiring an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager's stock valued at $49,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 96.10% of the company's stock.

Insider Activity at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the transaction, the insider directly owned 2,887 shares of the company's stock, valued at approximately $259,830. The trade was a 58.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on VOYA shares. Raymond James Financial upgraded Voya Financial from a "market perform" rating to a "strong-buy" rating and set a $117.00 price objective for the company in a research note on Monday, June 8th. Barclays raised their price target on shares of Voya Financial from $98.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on Voya Financial from $105.00 to $109.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods upped their price target on Voya Financial from $109.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley raised their price target on shares of Voya Financial from $92.00 to $105.00 and gave the company an "overweight" rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Voya Financial has an average rating of "Moderate Buy" and an average target price of $103.85.

Voya Financial Stock Down 0.2%

Shares of NYSE VOYA opened at $102.34 on Monday. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $97.76 and a 200 day moving average price of $83.71. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $103.85.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the company earned $1.66 EPS. Equities research analysts anticipate that Voya Financial, Inc. will post 9.25 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 1.8%. Voya Financial's payout ratio is presently 31.70%.

About Voya Financial

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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