CX Institutional Purchases New Position in Voya Financial, Inc. (NYSE:VOYA)

CX Institutional purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,141 shares of the asset manager's stock, valued at approximately $4,278,000. CX Institutional owned about 0.07% of Voya Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after buying an additional 327 shares during the period. Quarry LP bought a new position in shares of Voya Financial during the 4th quarter valued at $37,000. Venturi Wealth Management LLC lifted its holdings in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after buying an additional 201 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 773 shares during the period. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

VOYA stock traded down $1.75 during trading on Friday, reaching $66.36. The company's stock had a trading volume of 900,981 shares, compared to its average volume of 886,946. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $6.38 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 0.48 and a beta of 0.99. The company's fifty day moving average is $63.31 and its 200-day moving average is $67.73.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 earnings per share. On average, research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. Voya Financial's payout ratio is 33.96%.

Insider Activity

In related news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director now owns 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.99% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VOYA. Bank of America reissued an "underperform" rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Wells Fargo & Company raised their target price on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Barclays set a $70.00 target price on Voya Financial in a report on Wednesday, May 7th. Keefe, Bruyette & Woods raised their target price on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley raised their target price on Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $81.92.

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.