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

Kelly Financial Group LLC purchased a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 holdings, making the stock its biggest holding. Kelly Financial Group LLC owned about 4.18% of Voya Financial at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. Quarry LP purchased a new position in Voya Financial in the 4th quarter valued at approximately $37,000. Venturi Wealth Management LLC raised its holdings in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after purchasing an additional 773 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Trading Down 2.6%

NYSE:VOYA traded down $1.75 during mid-day trading on Friday, reaching $66.36. The company's stock had a trading volume of 900,981 shares, compared to its average volume of 885,453. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock has a market cap of $6.38 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.48 and a beta of 0.99. The company's fifty day simple moving average is $63.31 and its two-hundred day simple moving average is $67.94. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $1.77 EPS. The company's revenue was down 4.0% on a year-over-year basis. On average, equities analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In related news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the sale, the director now owns 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VOYA shares. UBS Group dropped their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Morgan Stanley boosted their price target on Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Bank of America restated 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. Barclays set a $70.00 price objective on Voya Financial in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Voya Financial presently has an average rating of "Hold" and an average price target of $81.92.

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.