Two Sigma Investments LP Decreases Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Two Sigma Investments LP decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 245,185 shares of the asset manager's stock after selling 18,713 shares during the period. Two Sigma Investments LP owned about 0.25% of Voya Financial worth $16,876,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position 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 valued at $28,000 after purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Voya Financial by 207.0% in 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 bought a new position in Voya Financial during the 4th quarter valued at approximately $37,000. R Squared Ltd bought a new stake in Voya Financial in the fourth quarter worth $41,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

VOYA stock traded up $1.82 during trading on Tuesday, hitting $67.11. 285,902 shares of the company's stock traded hands, compared to its average volume of 876,211. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The business has a fifty day simple moving average of $62.91 and a 200 day simple moving average of $69.21. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. The company 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%. Voya Financial's revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $1.77 earnings per share. As a group, research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Tuesday, May 27th. Voya Financial's dividend payout ratio is 33.96%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VOYA shares. Barclays set a $70.00 price objective on shares of Voya Financial in a research report on Wednesday, May 7th. Wells Fargo & Company raised their price target 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. Bank of America reaffirmed an "underperform" rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Royal Bank of Canada cut their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. One equities research 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.