Tidal Investments LLC Has $1.95 Million Holdings in Voya Financial, Inc. $VOYA

Key Points

• Tidal Investments increased its Voya Financial position by 172.7% in the second quarter, bringing its holdings to 21,487 shares valued at approximately $1.95 million. Institutional investors collectively own 96.1% of the company.
• Voya reported quarterly earnings of $1.51 per share, missing analyst expectations of $1.98, while revenue fell 4.3% year over year to $1.88 billion.
• The company declared a quarterly dividend of $0.47 per share, representing a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $103.85.

Tidal Investments LLC raised its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 172.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 21,487 shares of the asset manager's stock after purchasing an additional 13,608 shares during the period. Tidal Investments LLC's holdings in Voya Financial were worth $1,945,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VOYA. BlackRock Inc. acquired a new stake in shares of Voya Financial during the second quarter worth $850,187,000. Bank of New York Mellon Corp acquired a new position in Voya Financial in the second quarter valued at $520,280,000. Pzena Investment Management LLC acquired a new position in Voya Financial in the second quarter valued at $319,539,000. Dimensional Fund Advisors LP boosted its position in Voya Financial by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager's stock valued at $184,436,000 after acquiring an additional 248,935 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Voya Financial by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,827,362 shares of the asset manager's stock worth $136,146,000 after acquiring an additional 70,208 shares during the period. 96.10% of the stock is owned by institutional investors.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $100.28 on Thursday. The firm has a market capitalization of $9.09 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.99 and a beta of 0.90. The firm's 50-day moving average price is $100.33 and its 200-day moving average price is $86.39. 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, Inc. has a 1-year low of $64.50 and a 1-year high of $105.64.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. Equities research analysts anticipate that Voya Financial, Inc. will post 9.25 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VOYA. JPMorgan Chase & Co. lifted their price objective on Voya Financial from $105.00 to $109.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on Voya Financial from $107.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. UBS Group raised their target price on Voya Financial from $95.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Wells Fargo & Company lifted their target price on Voya Financial from $100.00 to $104.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods boosted their price target on Voya Financial from $109.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.85.

Voya Financial Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefits needs. Its operations are organized primarily around retirement, employee benefits and investment management.

Through its retirement business, Voya provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and financial-wellness resources.

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