SG Americas Securities LLC Acquires Shares of 13,930 Voya Financial, Inc. (NYSE:VOYA)

SG Americas Securities LLC purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,930 shares of the asset manager's stock, valued at approximately $944,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Voya Financial by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 1,544 shares of the asset manager's stock worth $105,000 after purchasing an additional 339 shares in the last quarter. Park Avenue Securities LLC raised its stake in Voya Financial by 63.0% in the first quarter. Park Avenue Securities LLC now owns 15,665 shares of the asset manager's stock valued at $1,061,000 after buying an additional 6,055 shares during the last quarter. UMB Bank n.a. raised its stake in Voya Financial by 196.7% in the first quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager's stock valued at $98,000 after buying an additional 958 shares during the last quarter. NBC Securities Inc. boosted its holdings in Voya Financial by 109,775.0% in the first quarter. NBC Securities Inc. now owns 4,395 shares of the asset manager's stock worth $297,000 after acquiring an additional 4,391 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Voya Financial by 5.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,427 shares of the asset manager's stock worth $300,000 after acquiring an additional 237 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Bank of America reissued an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Finally, Morgan Stanley upped their target price on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. 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 MarketBeat, Voya Financial has an average rating of "Hold" and a consensus target price of $81.92.

Insider Activity

In related news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.99% of the company's stock.

Voya Financial Stock Performance

NYSE:VOYA traded up $0.20 during mid-day trading on Friday, hitting $66.74. The company's stock had a trading volume of 1,062,511 shares, compared to its average volume of 884,614. The business's fifty day moving average is $64.24 and its two-hundred day moving average is $67.29. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.56 and a beta of 0.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30.

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

Voya Financial Announces Dividend

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