Voloridge Investment Management LLC Takes $415,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Voloridge Investment Management LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,025 shares of the asset manager's stock, valued at approximately $415,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after purchasing an additional 876,399 shares in the last quarter. FMR LLC boosted its position in shares of Voya Financial by 10.5% in the 4th quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock worth $219,274,000 after purchasing an additional 301,682 shares in the last quarter. Impax Asset Management Group plc grew its stake in Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after buying an additional 2,131,578 shares during the last quarter. Geode Capital Management LLC increased its position in Voya Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock valued at $116,058,000 after buying an additional 23,818 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Voya Financial by 52.9% in the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock worth $98,950,000 after acquiring an additional 497,348 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Insider Buying and Selling at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 $23,493.90. This represents a 82.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.99% of the stock is owned by corporate insiders.

Voya Financial Stock Performance

Shares of NYSE:VOYA traded up $0.86 during trading on Tuesday, hitting $66.99. 978,169 shares of the stock traded hands, compared to its average volume of 875,989. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $62.60 and a two-hundred day moving average price of $68.64. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 10.95, 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 data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The company's revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. Voya Financial's payout ratio is 33.96%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VOYA shares. Keefe, Bruyette & Woods increased their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company boosted their price target 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. UBS Group cut their price objective on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a 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 currently has a consensus 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.