Jane Street Group LLC Has $12.88 Million Position in Voya Financial, Inc. $VOYA

Key Points

• Jane Street Group LLC increased its stake in Voya Financial, Inc. by 247.1%, now owning 190,035 shares valued at approximately $12.88 million.
• Voya Financial announced a quarterly dividend of $0.45 per share, yielding 2.3%, scheduled for payment on September 26th.
• Wall Street analysts have generally upgraded their ratings for Voya Financial, with many raising their price targets, leading to an average consensus rating of "Moderate Buy" and a target price of $83.70.

Jane Street Group LLC grew its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 247.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,035 shares of the asset manager's stock after acquiring an additional 135,292 shares during the quarter. Jane Street Group LLC owned 0.20% of Voya Financial worth $12,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of VOYA. Kelly Financial Group LLC bought a new position in Voya Financial in the 1st quarter valued at $270,680,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Voya Financial by 23.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager's stock valued at $384,849,000 after purchasing an additional 1,095,190 shares during the period. Woodline Partners LP acquired a new stake in shares of Voya Financial during the 1st quarter worth approximately $30,022,000. Wellington Management Group LLP boosted its position in Voya Financial by 5.4% during the first quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager's stock worth $373,505,000 after purchasing an additional 280,316 shares in the last quarter. Finally, Algebris UK Ltd boosted its position in Voya Financial by 250.0% during the first quarter. Algebris UK Ltd now owns 354,351 shares of the asset manager's stock worth $22,206,000 after purchasing an additional 253,100 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Trading Down 0.6%

Shares of NYSE VOYA traded down $0.43 during trading on Friday, reaching $76.59. The stock had a trading volume of 1,063,795 shares, compared to its average volume of 791,922. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. The business's 50-day moving average price is $73.64 and its 200-day moving average price is $68.39. The company has a market cap of $7.38 billion, a P/E ratio of 15.32, a PEG ratio of 0.61 and a beta of 1.00.

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 (EPS) for the quarter, topping 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 company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $2.18 EPS. Voya Financial's revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.4%. Voya Financial's payout ratio is presently 36.00%.

Wall Street Analyst Weigh In

VOYA has been the topic of several research reports. Barclays raised their target price on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. UBS Group lifted their price objective on Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada lifted 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. Evercore ISI lifted their price objective on Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $83.70.

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.