Caxton Associates LLP Takes $899,000 Position in Voya Financial, Inc. $VOYA

Key Points

• Caxton Associates LLP has invested approximately $899,000 in Voya Financial, acquiring 13,265 shares, marking a growing interest from institutional investors, who now own 96.10% of the stock.
• Voya Financial reported $2.40 earnings per share for the last quarter, exceeding expectations, although revenue decreased by 2.6% year-over-year.
• The company is set to pay a quarterly dividend of $0.45 per share on September 26th, representing an annualized dividend yield of 2.4%.

Caxton Associates LLP bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,265 shares of the asset manager's stock, valued at approximately $899,000.

Several other institutional investors also recently modified their holdings of VOYA. Greenleaf Trust boosted its stake in Voya Financial by 3.1% in the first quarter. Greenleaf Trust now owns 6,301 shares of the asset manager's stock valued at $427,000 after acquiring an additional 190 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of Voya Financial by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager's stock worth $1,560,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Voya Financial by 13.7% in the 1st quarter. Fifth Third Bancorp now owns 1,747 shares of the asset manager's stock worth $118,000 after purchasing an additional 211 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of Voya Financial by 7.4% during the first quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager's stock worth $216,000 after purchasing an additional 219 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in Voya Financial by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 4,689 shares of the asset manager's stock valued at $318,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VOYA. UBS Group raised their target price on Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley lifted their price objective on shares of Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. boosted their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Evercore ISI increased their target price on shares of Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada lifted 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. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Voya Financial has an average rating of "Moderate Buy" and a consensus target price of $83.70.

Voya Financial Stock Up 0.8%

Shares of Voya Financial stock traded up $0.58 on Friday, hitting $77.21. The company had a trading volume of 708,620 shares, compared to its average volume of 742,248. The stock has a 50-day moving average of $73.28 and a 200-day moving average of $68.19. 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, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The firm has a market capitalization of $7.44 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.61 and a beta of 1.00.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) 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%.Voya Financial's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $2.18 earnings per share. Research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

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 issued 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%.

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.