Corient Private Wealth LP Invests $2.66 Million in Voya Financial, Inc. $VOYA

Corient Private Wealth LP bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,430 shares of the asset manager's stock, valued at approximately $2,664,000.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Voya Financial during the second quarter worth approximately $850,187,000. Bank of New York Mellon Corp purchased a new position in shares of Voya Financial in the 2nd quarter valued at $520,280,000. Wellington Management Group LLP boosted its position in Voya Financial by 5.4% during the 4th quarter. Wellington Management Group LLP now owns 4,492,908 shares of the asset manager's stock worth $334,677,000 after purchasing an additional 230,877 shares during the period. Pzena Investment Management LLC boosted its position in Voya Financial by 1.3% during the 1st quarter. Pzena Investment Management LLC now owns 3,673,118 shares of the asset manager's stock worth $250,947,000 after purchasing an additional 46,906 shares during the period. Finally, Boston Partners increased its holdings in Voya Financial by 1.8% in the 4th quarter. Boston Partners now owns 3,557,281 shares of the asset manager's stock valued at $265,363,000 after purchasing an additional 61,962 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Insider Buying and Selling at Voya Financial

In other news, insider Trevor Ogle sold 3,994 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the sale, the insider owned 2,887 shares of the company's stock, valued at approximately $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company's stock.

Voya Financial Stock Down 0.1%

Shares of Voya Financial stock opened at $101.22 on Wednesday. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $103.85. The company has a market capitalization of $9.17 billion, a PE ratio of 17.07, a P/E/G ratio of 0.98 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50-day moving average of $98.12 and a 200-day moving average of $84.06.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 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 analyst estimates of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company's revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.66 EPS. As a group, equities analysts forecast 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. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial's dividend payout ratio is 31.70%.

Analysts Set New Price Targets

Several research firms have commented on VOYA. Barclays raised their price objective on Voya Financial from $98.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, July 7th. UBS Group increased their target price on Voya Financial from $95.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, July 10th. JPMorgan Chase & Co. boosted their price target 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 report on Tuesday, August 11th. Finally, Evercore reaffirmed an "outperform" rating and issued a $111.00 price objective on shares of Voya Financial in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source