Twinbeech Capital LP Invests $14.80 Million in Voya Financial, Inc. (NYSE:VOYA)

Twinbeech Capital LP bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the period. Quarry LP acquired a new stake in shares of Voya Financial during the fourth quarter worth $37,000. R Squared Ltd acquired a new stake in shares of Voya Financial during the fourth quarter worth $41,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VOYA shares. Barclays set a $70.00 target price on Voya Financial in a report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. UBS Group reduced their target price on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company raised their target price on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, Morgan Stanley raised their target price on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $82.00.

Voya Financial Trading Down 0.4%

NYSE:VOYA opened at $69.27 on Tuesday. The company has a market capitalization of $6.66 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The stock has a fifty day simple moving average of $62.93 and a 200-day simple moving average of $69.66.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The business's revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 EPS. On average, equities research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is presently 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.

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