Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 63.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,665 shares of the asset manager's stock after buying an additional 6,055 shares during the quarter. Park Avenue Securities LLC's holdings in Voya Financial were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. raised its holdings in Voya Financial by 207.0% in the 4th 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 acquired a new position in Voya Financial in the 4th quarter worth about $37,000. Venturi Wealth Management LLC raised its holdings in Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the period. Finally, Versant Capital Management Inc raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Insider Activity

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.99% of the company's stock.

Voya Financial Trading Down 2.6%

NYSE:VOYA traded down $1.75 during trading hours on Friday, reaching $66.36. 900,981 shares of the stock were exchanged, compared to its average volume of 886,946. 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 of $63.31 and a two-hundred day moving average of $67.83. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.48 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. The company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. On average, equities analysts predict 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's payout ratio is currently 33.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VOYA shares. Morgan Stanley increased their target price on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods increased their target price on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Bank of America reissued 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. Wells Fargo & Company increased their target price on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, Barclays set a $70.00 price target on Voya Financial in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.