Ieq Capital LLC Makes New $3.81 Million Investment in Voya Financial, Inc. $VOYA

Key Points

• Ieq Capital acquired 42,119 shares of Voya Financial worth approximately $3.81 million during the second quarter. Institutional investors collectively own 96.1% of the company, with BlackRock also establishing a significant new position.
• Analysts maintain a generally positive outlook, with Voya carrying a “Moderate Buy” consensus rating and an average price target of $103.85. Several firms recently raised their targets to between $105 and $111.
• Voya reported quarterly earnings of $1.51 per share, missing estimates of $1.98, while revenue fell 4.3% year over year to $1.88 billion. The company declared a quarterly dividend of $0.47 per share, equivalent to a 1.9% annual yield.

Ieq Capital LLC acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 42,119 shares of the asset manager's stock, valued at approximately $3,813,000.

A number of other institutional investors also recently modified their holdings of VOYA. Quantinno Capital Management LP boosted its holdings in Voya Financial by 6.8% in the first quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager's stock valued at $16,229,000 after acquiring an additional 15,186 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Voya Financial during the 2nd quarter worth about $2,045,000. Fifth Third Bancorp raised its holdings in Voya Financial by 4,892.7% during the 1st quarter. Fifth Third Bancorp now owns 63,058 shares of the asset manager's stock worth $4,308,000 after purchasing an additional 61,795 shares during the last quarter. BlackRock Inc. acquired a new position in Voya Financial during the 2nd quarter valued at about $850,187,000. Finally, Assenagon Asset Management S.A. acquired a new position in Voya Financial during the 2nd quarter valued at about $11,372,000. 96.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Trevor Ogle sold 3,994 shares of the company's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider directly owned 2,887 shares of the company's stock, valued at approximately $259,830. This represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Atlantic Securities set a $79.00 price target on Voya Financial in a research report on Wednesday, July 15th. Barclays upped their price objective on Voya Financial from $98.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, July 7th. Evercore restated an "outperform" rating and set a $111.00 target price on shares of Voya Financial in a report on Friday, August 7th. Keefe, Bruyette & Woods upped their price target on Voya Financial from $109.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley increased their price target on shares of Voya Financial from $92.00 to $105.00 and gave the company an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Voya Financial currently has an average rating of "Moderate Buy" and an average target price of $103.85.

Voya Financial Stock Up 1.3%

NYSE:VOYA opened at $99.07 on Tuesday. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $103.85. The stock has a 50-day moving average price of $96.89 and a two-hundred day moving average price of $82.95. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.94 and a beta of 0.89. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm earned $1.66 EPS. The company's revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities analysts expect that Voya Financial, Inc. will post 9.27 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial's dividend payout ratio (DPR) is presently 31.70%.

Voya Financial Profile

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.

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