Voya Financial, Inc. $VOYA Stock Position Raised by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC increased its Voya Financial position by 19.1% in the second quarter, bringing its holdings to 221,936 shares valued at approximately $20.1 million. Institutional investors collectively own 96.1% of VOYA’s outstanding shares.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $103.85; several firms recently raised their targets, including UBS to $125.
• Voya reported quarterly EPS of $1.51, below the $1.98 consensus estimate, while revenue declined 4.3% year over year to $1.88 billion. The company declared a quarterly dividend of $0.47 per share, representing a 1.8% annualized yield.

Squarepoint Ops LLC increased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,936 shares of the asset manager's stock after acquiring an additional 35,631 shares during the quarter. Squarepoint Ops LLC owned approximately 0.24% of Voya Financial worth $20,092,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VOYA. Allworth Financial LP grew its holdings in shares of Voya Financial by 63.4% during the second quarter. Allworth Financial LP now owns 1,036 shares of the asset manager's stock valued at $94,000 after purchasing an additional 402 shares during the last quarter. Nykredit A S bought a new stake in shares of Voya Financial in the 2nd quarter worth approximately $306,000. HighTower Advisors LLC acquired a new position in Voya Financial during the 2nd quarter valued at approximately $373,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Voya Financial during the 2nd quarter valued at approximately $38,757,000. Finally, California State Teachers Retirement System grew its stake in Voya Financial by 8,471.7% during the 2nd quarter. California State Teachers Retirement System now owns 9,703,820 shares of the asset manager's stock worth $878,487,000 after buying an additional 9,590,613 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Analyst Ratings Changes

VOYA has been the topic of several analyst reports. Raymond James Financial raised Voya Financial from a "market perform" rating to a "strong-buy" rating and set a $117.00 target price on the stock in a research report on Monday, June 8th. UBS Group boosted their price target on shares of Voya Financial from $95.00 to $125.00 and gave the company a "buy" rating in a report on Friday, July 10th. Royal Bank Of Canada upped their price target on shares of Voya Financial from $107.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Jefferies Financial Group increased their price objective on shares of Voya Financial from $80.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, July 10th. Finally, Evercore reaffirmed an "outperform" rating and issued a $111.00 price objective on shares of Voya Financial in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.85.

Voya Financial Stock Performance

Shares of VOYA stock opened at $102.08 on Thursday. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $105.64. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The business has a 50 day simple moving average of $99.64 and a 200 day simple moving average of $85.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The firm's revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Voya Financial, Inc. will post 9.25 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial's dividend payout ratio (DPR) is 31.70%.

Voya Financial Company Profile

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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