Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 8,582.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,621 shares of the asset manager's stock after purchasing an additional 103,416 shares during the quarter. GAMMA Investing LLC owned 0.11% of Voya Financial worth $7,089,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

VOYA has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Morgan Stanley lifted their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. UBS Group dropped their price objective on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company boosted their target price on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. lowered their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Voya Financial currently has an average rating of "Hold" and a consensus target price of $81.92.

Voya Financial Stock Down 1.3%

Shares of VOYA stock traded down $0.91 on Wednesday, hitting $67.10. The stock had a trading volume of 1,351,170 shares, compared to its average volume of 882,774. 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 business has a 50 day moving average price of $62.80 and a 200 day moving average price of $68.15. The company has a market cap of $6.46 billion, a PE ratio of 10.96, a P/E/G ratio of 0.48 and a beta of 0.99. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.56. The firm 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 firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. Research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. Voya Financial's payout ratio is currently 33.96%.

Insider Activity at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director now directly owns 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.99% of the stock is currently owned by corporate insiders.

Voya Financial Company 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.