Quantbot Technologies LP Increases Position in Voya Financial, Inc. $VOYA

Key Points

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Quantbot Technologies LP grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 445.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,501 shares of the asset manager's stock after buying an additional 55,120 shares during the quarter. Quantbot Technologies LP owned 0.07% of Voya Financial worth $4,574,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Voya Financial during the 4th quarter valued at about $37,000. Versant Capital Management Inc raised its position in Voya Financial by 666.4% in the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after purchasing an additional 773 shares during the period. Blue Trust Inc. raised its position in Voya Financial by 36.9% in the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock worth $64,000 after purchasing an additional 256 shares during the period. LRI Investments LLC raised its position in Voya Financial by 26.1% in the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock worth $90,000 after purchasing an additional 271 shares during the period. Finally, Bessemer Group Inc. raised its position in Voya Financial by 142.9% in the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock worth $91,000 after purchasing an additional 790 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Morgan Stanley raised their target price on shares of Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday. Evercore ISI lifted their price target on shares of Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Barclays increased their price objective on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Finally, UBS Group lifted their target price on Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Voya Financial currently has an average rating of "Hold" and an average price target of $83.70.

Voya Financial Stock Up 2.3%

Shares of Voya Financial stock traded up $1.7240 on Friday, reaching $76.4340. The stock had a trading volume of 641,813 shares, compared to its average volume of 935,824. 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 moving average price of $71.18 and a 200 day moving average price of $67.86. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $7.37 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.60 and a beta of 0.99.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.31. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company earned $2.18 earnings per share. The business's revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Voya Financial's payout ratio is currently 36.00%.

Insider Activity at Voya Financial

In other 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 transaction of $112,506.00. Following the completion of the sale, the director owned 355 shares of the company's stock, valued at $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.99% of the stock is owned by corporate insiders.

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.