PEAK6 LLC Invests $1.27 Million in Voya Financial, Inc. $VOYA

Key Points

• PEAK6 LLC acquired 14,084 Voya Financial shares during the second quarter, valued at approximately $1.27 million. Institutional investors collectively own 96.1% of the company.
• Voya reported quarterly EPS of $1.51, missing the $1.98 consensus estimate, while revenue declined 4.3% year over year to $1.88 billion.
• The company declared a quarterly dividend of $0.47, equivalent to an annualized $1.88 payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $102.85.

PEAK6 LLC acquired a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,084 shares of the asset manager's stock, valued at approximately $1,275,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. Allworth Financial LP grew its stake in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager's stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Four Tree Island Advisory LLC raised its stake in shares of Voya Financial by 0.5% in the fourth quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager's stock worth $2,423,000 after purchasing an additional 174 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Voya Financial by 59.6% in the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager's stock worth $39,000 after purchasing an additional 214 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Voya Financial by 56.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager's stock worth $46,000 after purchasing an additional 222 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager's stock worth $49,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Down 0.0%

Shares of VOYA stock opened at $97.74 on Monday. Voya Financial, Inc. has a twelve month low of $64.50 and a twelve month high of $103.85. The stock has a market cap of $8.86 billion, a P/E ratio of 16.48, a P/E/G ratio of 0.94 and a beta of 0.89. The stock has a 50 day moving average of $96.73 and a 200 day moving average of $82.78. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company's revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. As a group, sell-side analysts expect that Voya Financial, Inc. will post 9.27 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be given a $0.47 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. Voya Financial's payout ratio is 31.70%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VOYA. Morgan Stanley increased their price target on shares of Voya Financial from $84.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Voya Financial from $105.00 to $109.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Evercore reiterated an "outperform" rating and issued a $111.00 price objective on shares of Voya Financial in a research note on Friday, August 7th. Royal Bank Of Canada increased their price objective on shares of Voya Financial from $107.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Voya Financial from $109.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.85.

Insider Buying and Selling at Voya Financial

In other news, insider Trevor Ogle sold 3,994 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the transaction, the insider directly owned 2,887 shares of the company's stock, valued at $259,830. This represents a 58.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by insiders.

Voya Financial Profile

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source