Kelly Financial Group LLC Buys Shares of 3,994,684 Voya Financial, Inc. (NYSE:VOYA)

Kelly Financial Group LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,994,684 shares of the asset manager's stock, valued at approximately $270,680,000. Voya Financial accounts for about 45.9% of Kelly Financial Group LLC's investment portfolio, making the stock its largest position. Kelly Financial Group LLC owned approximately 4.18% of Voya Financial at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC grew its holdings in shares of Voya Financial by 5.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager's stock worth $204,000 after purchasing an additional 148 shares during the period. CIBC Asset Management Inc lifted its position in Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager's stock valued at $228,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after buying an additional 183 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Voya Financial by 13.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager's stock worth $105,000 after acquiring an additional 184 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VOYA. Morgan Stanley lifted their target price on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wells Fargo & Company boosted their price objective on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Barclays set a $70.00 price target on shares of Voya Financial in a report on Wednesday, May 7th. Finally, Bank of America reissued an "underperform" rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Voya Financial currently has a consensus rating of "Hold" and an average price target of $81.92.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the transaction, the director now owns 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is owned by insiders.

Voya Financial Stock Down 2.1%

NYSE:VOYA traded down $1.40 during mid-day trading on Tuesday, reaching $66.60. The stock had a trading volume of 773,906 shares, compared to its average volume of 887,735. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.57 and a beta of 0.99. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The stock's 50 day simple moving average is $63.70 and its two-hundred day simple moving average is $67.62.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, topping the consensus estimate of $1.59 by $0.56. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm earned $1.77 EPS. The business's revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is presently 33.96%.

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.