GAMMA Investing LLC Acquires 103,416 Shares of Voya Financial, Inc. (NYSE:VOYA)

GAMMA Investing LLC lifted its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 8,582.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,621 shares of the asset manager's stock after acquiring an additional 103,416 shares during the quarter. GAMMA Investing LLC owned 0.11% of Voya Financial worth $7,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. grew its holdings in Voya Financial by 207.0% during the fourth 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 during the period. Quarry LP purchased a new stake in Voya Financial in the fourth quarter worth about $37,000. Venturi Wealth Management LLC increased its position in 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 buying an additional 201 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Voya Financial by 666.4% during the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after buying an additional 773 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the transaction, the director now owns 355 shares of the company's stock, valued at $23,493.90. This represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is owned by company insiders.

Voya Financial Price Performance

Shares of NYSE:VOYA traded up $1.03 on Thursday, reaching $68.06. The company's stock had a trading volume of 1,148,970 shares, compared to its average volume of 883,835. The company has a 50-day simple moving average of $62.80 and a 200 day simple moving average of $68.15. 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 company has a market cap of $6.55 billion, a P/E ratio of 11.12, a PEG ratio of 0.48 and a beta of 0.99. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30.

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

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.64%. Voya Financial's dividend payout ratio is 33.96%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VOYA. JPMorgan Chase & Co. lowered their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Barclays set a $70.00 price target on Voya Financial in a research note on Wednesday, May 7th. Morgan Stanley boosted their price objective on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods increased their target price on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $81.92.

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.