Jane Street Group LLC Has $12.88 Million Stock 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 increased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 247.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.20% of Voya Financial worth $12,877,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. AlphaQuest LLC grew its stake in Voya Financial by 922.5% during the first quarter. AlphaQuest LLC now owns 31,962 shares of the asset manager's stock worth $2,166,000 after purchasing an additional 28,836 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Voya Financial by 23.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager's stock worth $384,849,000 after purchasing an additional 1,095,190 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Voya Financial during the first quarter worth approximately $47,000. Quantbot Technologies LP grew its stake in Voya Financial by 445.2% during the first quarter. Quantbot Technologies LP now owns 67,501 shares of the asset manager's stock worth $4,574,000 after purchasing an additional 55,120 shares during the period. Finally, Wellington Management Group LLP grew its stake 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 during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Trading Up 0.2%

Shares of Voya Financial stock opened at $75.15 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The stock has a 50 day moving average price of $72.25 and a two-hundred day moving average price of $67.99. The stock has a market capitalization of $7.25 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company earned $2.18 earnings per share. The company's revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 26th. Voya Financial's dividend payout ratio (DPR) is currently 36.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank Of Canada raised their target price on Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. UBS Group raised their price objective on Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays raised their price objective on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Evercore ISI raised their price objective on Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company raised their price objective on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $83.70.

Voya Financial 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.

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