Twinbeech Capital LP Makes New Investment in Voya Financial, Inc. (NYSE:VOYA)

Twinbeech Capital LP acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 215,023 shares of the asset manager's stock, valued at approximately $14,800,000. Twinbeech Capital LP owned about 0.22% of Voya Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp boosted its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. Quarry LP purchased a new position in Voya Financial in the 4th quarter valued at about $37,000. R Squared Ltd acquired a new position in shares of Voya Financial during the 4th quarter valued at about $41,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VOYA. Barclays set a $70.00 target price on shares of Voya Financial in a research report on Wednesday, May 7th. Morgan Stanley increased their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Royal Bank of Canada lowered their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company increased their target price on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $81.92.

Voya Financial Stock Performance

VOYA traded down $0.93 during trading hours on Friday, hitting $65.79. 688,286 shares of the stock were exchanged, compared to its average volume of 878,437. The stock has a 50-day simple moving average of $62.96 and a 200-day simple moving average of $69.40. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its 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. The company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.77 earnings per share. Analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's payout ratio is currently 33.96%.

About Voya Financial

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.