GSA Capital Partners LLP raised its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 278.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,291 shares of the asset manager's stock after purchasing an additional 11,254 shares during the quarter. GSA Capital Partners LLP's holdings in Voya Financial were worth $1,036,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Kelly Financial Group LLC purchased a new position in Voya Financial in the 1st quarter valued at $270,680,000. Pzena Investment Management LLC lifted its stake in shares of Voya Financial by 0.9% in the 1st quarter. Pzena Investment Management LLC now owns 3,599,164 shares of the asset manager's stock worth $243,879,000 after acquiring an additional 32,061 shares during the period. FMR LLC boosted its holdings in shares of Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock valued at $219,274,000 after acquiring an additional 301,682 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Voya Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock worth $116,058,000 after acquiring an additional 23,818 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Voya Financial by 52.9% during the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock worth $98,950,000 after acquiring an additional 497,348 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.
Insiders Place Their Bets
In other news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the sale, the director directly owned 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.99% of the company's stock.
Analyst Ratings Changes
VOYA has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Barclays raised their price target on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. UBS Group dropped their price objective on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Morgan Stanley set a $89.00 target price on Voya Financial and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company boosted their target price on shares of Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.50.
View Our Latest Report on VOYA
Voya Financial Price Performance
Voya Financial stock opened at $69.96 on Friday. The firm has a market capitalization of $6.73 billion, a PE ratio of 13.20, a P/E/G ratio of 0.64 and a beta of 1.00. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The firm's 50-day simple moving average is $69.52 and its 200 day simple moving average is $67.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58.
Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 earnings per share. On average, equities research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.
Voya Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.6%. Voya Financial's payout ratio is 33.96%.
About Voya Financial
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Voya Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Voya Financial wasn't on the list.
While Voya Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
