SG Americas Securities LLC Makes New Investment in Voya Financial, Inc. (NYSE:VOYA)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of VOYA. Impax Asset Management Group plc grew its holdings in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after buying an additional 2,131,578 shares during the last quarter. Norges Bank purchased a new stake in shares of Voya Financial during the fourth quarter valued at approximately $96,508,000. Wealthfront Advisers LLC purchased a new stake in shares of Voya Financial during the fourth quarter valued at approximately $67,214,000. Bank of New York Mellon Corp grew its holdings in shares of Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Voya Financial by 52.9% during the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after buying an additional 497,348 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Insiders Place Their Bets

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction dated 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 transaction, the director now directly owns 355 shares of the company's stock, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.99% of the company's stock.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $66.53 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $6.40 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.56 and a beta of 0.99. The firm's fifty day moving average is $63.82 and its two-hundred day moving average is $67.61. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30.

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

Voya Financial Announces Dividend

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 paid a $0.45 dividend. 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 2.71%. Voya Financial's payout ratio is currently 33.96%.

Analyst Ratings Changes

A number of research firms have recently commented on VOYA. Keefe, Bruyette & Woods increased their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Morgan Stanley increased their price target on shares of Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Barclays set a $70.00 price target on shares of Voya Financial in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased 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 report on Wednesday, April 2nd. Finally, Bank of America reiterated an "underperform" rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One equities research 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.com, the company presently has an average rating of "Hold" and a consensus price target of $81.92.

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.

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