Dynamic Technology Lab Private Ltd Acquires New Stake in Voya Financial, Inc. $VOYA

Key Points

• Dynamic Technology Lab Private Ltd has invested $710,000 in Voya Financial by acquiring 10,476 shares during the first quarter.
• Voya Financial reported an earnings per share (EPS) of $2.40, surpassing estimates and showing a revenue of $1.98 billion for the quarter.
• The company has announced a quarterly dividend of $0.45, translating to an annualized yield of 2.4%.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,476 shares of the asset manager's stock, valued at approximately $710,000.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Voya Financial by 142.9% during the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock worth $91,000 after purchasing an additional 790 shares during the last quarter. Vident Advisory LLC purchased a new stake in shares of Voya Financial during the fourth quarter worth approximately $250,000. Principal Financial Group Inc. raised its stake in shares of Voya Financial by 0.3% during the first quarter. Principal Financial Group Inc. now owns 221,385 shares of the asset manager's stock worth $15,001,000 after purchasing an additional 574 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Voya Financial during the first quarter worth approximately $894,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Voya Financial during the first quarter worth approximately $385,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

Shares of VOYA stock traded up $0.58 during mid-day trading on Friday, reaching $77.21. The stock had a trading volume of 708,620 shares, compared to its average volume of 742,248. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The company has a market cap of $7.44 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00. The business has a 50-day simple moving average of $73.28 and a 200 day simple moving average of $68.19. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44.

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

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. Voya Financial's dividend payout ratio (DPR) is presently 36.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VOYA shares. UBS Group upped their price target on Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays increased their price objective on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Morgan Stanley increased their price objective on Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Royal Bank Of Canada increased their price objective on Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.70.

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.