Kiker Wealth Management LLC Invests $1.57 Million in Voya Financial, Inc. $VOYA

Key Points

• Kiker Wealth Management LLC invested $1.57 million in Voya Financial, acquiring 22,139 shares, making it the firm's 24th largest position.
• Voya Financial reported a quarterly EPS of $2.40, exceeding estimates, but experienced a 2.6% decline in revenue compared to the previous year.
• Analysts currently assign a consensus "Moderate Buy" rating for Voya Financial, with a price target average of $85.00, reflecting optimism in future performance.

Kiker Wealth Management LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,139 shares of the asset manager's stock, valued at approximately $1,572,000. Voya Financial accounts for 0.9% of Kiker Wealth Management LLC's investment portfolio, making the stock its 24th largest position.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in 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 acquiring an additional 1,095,190 shares during the last quarter. Woodline Partners LP bought a new position in Voya Financial in the first quarter valued at about $30,022,000. Wellington Management Group LLP grew its position in Voya Financial by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager's stock valued at $373,505,000 after acquiring an additional 280,316 shares during the last quarter. Algebris UK Ltd grew its position in Voya Financial by 250.0% in the first quarter. Algebris UK Ltd now owns 354,351 shares of the asset manager's stock valued at $22,206,000 after acquiring an additional 253,100 shares during the last quarter. Finally, Nuveen LLC bought a new position in Voya Financial in the first quarter valued at about $16,683,000. Institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

Voya Financial stock opened at $73.75 on Tuesday. Voya Financial, Inc. has a one year low of $52.43 and a one 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 stock's 50 day moving average is $74.87 and its 200 day moving average is $69.14. The firm has a market cap of $7.11 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.54 and a beta of 0.98.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. The company's revenue was down 2.6% compared to the same quarter last year. As a group, research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.4%. Voya Financial's payout ratio is 36.00%.

Analysts Set New Price Targets

A number of analysts have recently commented on VOYA shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Voya Financial in a research note on Wednesday, October 8th. Barclays lifted their price target on Voya Financial from $81.00 to $83.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. Morgan Stanley lifted their price target on Voya Financial from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price target on Voya Financial from $83.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company lifted their price target on Voya Financial from $82.00 to $83.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.00.

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.

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