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

Key Points

• Jane Street Group LLC has significantly increased its position in Voya Financial, boosting its holdings by 247.1% to approximately $12.88 million, following the purchase of 135,292 additional shares.
• Voya Financial reported better-than-expected earnings of $2.40 per share, exceeding analyst estimates, despite a year-over-year revenue decline of 2.6% and a total revenue of $1.98 billion.
• The company announced a quarterly dividend of $0.45, translating to an annualized dividend yield of 2.4%, with a payout ratio of 36.00% as it continues to attract investment interest from large institutional investors.

Jane Street Group LLC boosted its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 247.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,035 shares of the asset manager's stock after purchasing an additional 135,292 shares during the period. Jane Street Group LLC owned about 0.20% of Voya Financial worth $12,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VOYA. Quarry LP bought a new position in Voya Financial in the fourth quarter valued at $37,000. Northern Trust Corp boosted its holdings in shares of Voya Financial by 14.5% in the 4th quarter. Northern Trust Corp now owns 1,335,463 shares of the asset manager's stock valued at $91,920,000 after buying an additional 168,777 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Voya Financial by 2.3% in the 4th quarter. AQR Capital Management LLC now owns 514,878 shares of the asset manager's stock valued at $35,439,000 after buying an additional 11,804 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Voya Financial by 21.5% in the 4th quarter. Algert Global LLC now owns 51,606 shares of the asset manager's stock valued at $3,552,000 after buying an additional 9,133 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Voya Financial by 87.1% in the 4th quarter. BNP Paribas Financial Markets now owns 106,412 shares of the asset manager's stock valued at $7,324,000 after buying an additional 49,534 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their price objective on shares of Voya Financial from $89.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Evercore ISI lifted their price objective on shares of Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Finally, Barclays raised their target price 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. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Voya Financial has an average rating of "Hold" and an average target price of $83.70.

Voya Financial Stock Performance

Voya Financial stock traded down $0.98 during midday trading on Friday, hitting $76.64. The company's stock had a trading volume of 618,385 shares, compared to its average volume of 927,243. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50-day moving average price of $72.79 and a two-hundred day moving average price of $68.06. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.60 and a beta of 1.00.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $2.18 EPS. The business's revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.3%. Voya Financial's payout ratio is 36.00%.

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.