GSA Capital Partners LLP Has $1.04 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Key Points

• GSA Capital Partners LLP increased its stake in Voya Financial by 278.8% in the first quarter, acquiring a total of 15,291 shares valued at over $1 million.
• Institutional investors own a significant portion of Voya Financial's stock, with 96.10% being held by these entities, indicating strong institutional interest.
• Voya Financial announced a quarterly dividend of $0.45 per share, representing a 2.6% yield, with the payment scheduled for September 26th.

GSA Capital Partners LLP increased its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 278.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,291 shares of the asset manager's stock after buying an additional 11,254 shares during the period. 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 hedge funds and other institutional investors have also made changes to their positions in VOYA. Federated Hermes Inc. increased its holdings in shares of Voya Financial by 24.1% during the first quarter. Federated Hermes Inc. now owns 12,153 shares of the asset manager's stock valued at $823,000 after purchasing an additional 2,357 shares during the period. LPL Financial LLC lifted its stake in shares of Voya Financial by 6.5% in the 1st quarter. LPL Financial LLC now owns 19,722 shares of the asset manager's stock worth $1,336,000 after acquiring an additional 1,209 shares during the period. Oak Thistle LLC boosted its holdings in shares of Voya Financial by 246.0% in the first quarter. Oak Thistle LLC now owns 15,111 shares of the asset manager's stock valued at $1,024,000 after acquiring an additional 10,744 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Voya Financial during the first quarter valued at approximately $4,002,000. Finally, Four Tree Island Advisory LLC raised its holdings in Voya Financial by 6.8% during the first quarter. Four Tree Island Advisory LLC now owns 65,858 shares of the asset manager's stock worth $4,463,000 after purchasing an additional 4,219 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of VOYA traded up $0.62 during mid-day trading on Tuesday, hitting $68.48. The company's stock had a trading volume of 434,449 shares, compared to its average volume of 935,884. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30. The stock's 50-day moving average is $69.59 and its two-hundred day moving average is $67.59. The firm has a market capitalization of $6.59 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.56. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 earnings per share. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.6%. Voya Financial's dividend payout ratio (DPR) is currently 33.96%.

Insider Buying and Selling

In other news, Director Yvette S. Butler sold 1,700 shares of the company's 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 sale, the director owned 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VOYA. Barclays lifted their price objective on shares of Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods boosted their price objective on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Wells Fargo & Company lifted 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. Morgan Stanley set a $89.00 price objective on shares of Voya Financial and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, UBS Group reduced their target price on Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $83.50.

About Voya Financial

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.