Interval Partners LP Acquires New Shares in Voya Financial, Inc. $VOYA

Key Points

• Interval Partners LP purchased 167,782 shares of Voya Financial, valued at approximately $11.37 million, signaling a growing interest in the asset management sector.
• Voya Financial reported $2.40 EPS for the last quarter, surpassing expectations of $2.09, although revenue declined by 2.6% year-over-year.
• The company has announced a quarterly dividend of $0.45 to be paid on September 26th, resulting in an annualized yield of 2.3%.

Interval Partners LP acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 167,782 shares of the asset manager's stock, valued at approximately $11,369,000. Interval Partners LP owned 0.17% of Voya Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. increased its holdings in Voya Financial by 142.9% in the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock valued at $91,000 after purchasing an additional 790 shares during the period. Vident Advisory LLC acquired a new stake in Voya Financial in the fourth quarter valued at $250,000. Principal Financial Group Inc. increased its holdings in Voya Financial by 0.3% in the first quarter. Principal Financial Group Inc. now owns 221,385 shares of the asset manager's stock valued at $15,001,000 after purchasing an additional 574 shares during the period. FORA Capital LLC acquired a new stake in Voya Financial in the first quarter valued at $894,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in Voya Financial during the 1st quarter worth about $385,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Down 0.0%

Shares of VOYA stock traded down $0.01 on Wednesday, reaching $75.52. 219,118 shares of the company were exchanged, compared to its average volume of 928,012. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.60 and a beta of 1.00. The company has a 50-day moving average of $73.06 and a 200-day moving average of $68.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30.

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 the consensus estimate of $2.09 by $0.31. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm earned $2.18 EPS. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 annualized dividend and a dividend yield of 2.4%. Voya Financial's dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VOYA shares. UBS Group increased their price target on Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wells Fargo & Company increased their price target on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods increased their price target on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Barclays increased their price target on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. increased their price target on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Voya Financial has an average rating of "Hold" and an average target price of $83.70.

Voya Financial Company 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.