NBC Securities Inc. Buys 4,391 Shares of Voya Financial, Inc. (NYSE:VOYA)

NBC Securities Inc. grew its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 109,775.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,395 shares of the asset manager's stock after acquiring an additional 4,391 shares during the quarter. NBC Securities Inc.'s holdings in Voya Financial were worth $297,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% during the 4th 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 during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of 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 buying an additional 327 shares in the last quarter. Quarry LP bought a new position in shares of Voya Financial in the fourth quarter worth approximately $37,000. Venturi Wealth Management LLC grew 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 valued at $45,000 after buying an additional 201 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after acquiring an additional 773 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Insider Activity at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the sale, the director now directly owns 355 shares in the company, valued at $23,493.90. This trade represents a 82.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VOYA shares. Keefe, Bruyette & Woods upped their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley increased 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. Wells Fargo & Company lifted their price objective on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Barclays set a $70.00 target price on shares of Voya Financial in a research note on Wednesday, May 7th. Finally, UBS Group reduced their price target 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. One 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. According to MarketBeat, Voya Financial currently has a consensus rating of "Hold" and a consensus target price of $81.92.

Voya Financial Stock Performance

Shares of Voya Financial stock traded up $0.06 on Tuesday, hitting $68.06. 1,189,754 shares of the company's stock were exchanged, compared to its average volume of 879,828. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a 50-day simple moving average of $62.59 and a 200-day simple moving average of $68.16. 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 stock has a market capitalization of $6.55 billion, a PE ratio of 11.12, a PEG ratio of 0.48 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results 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. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $1.77 earnings per share. Voya Financial's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

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

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.