443,062 Shares in Voya Financial, Inc. $VOYA Bought by Woodline Partners LP

Key Points

• Woodline Partners LP has acquired a new stake in Voya Financial, purchasing 443,062 shares valued at approximately $30 million, representing about 0.46% ownership of the company.
• Analysts have increased their target price for Voya Financial, with estimates ranging from $82.00 to $90.00, indicating a positive outlook with a consensus rating of "Hold."
• Voya Financial reported quarterly earnings of $2.40 EPS, exceeding expectations, despite a 2.6% decline in revenue year-over-year, alongside announcing a quarterly dividend of $0.45 per share.

Woodline Partners LP purchased a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 443,062 shares of the asset manager's stock, valued at approximately $30,022,000. Woodline Partners LP owned approximately 0.46% of Voya Financial as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Voya Financial in the 1st quarter valued at approximately $47,000. Versant Capital Management Inc raised its holdings in Voya Financial by 666.4% in the 1st 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. Blue Trust Inc. raised its holdings in Voya Financial by 36.9% in the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after acquiring an additional 256 shares in the last quarter. LRI Investments LLC raised its holdings in Voya Financial by 26.1% in the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after acquiring an additional 271 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Voya Financial by 142.9% in the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock valued at $91,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VOYA shares. JPMorgan Chase & Co. upped their price objective on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Evercore ISI upped their price objective on Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upped their price objective on Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Wells Fargo & Company upped their price objective on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Barclays upped their price objective on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.70.

Voya Financial Trading Up 0.1%

Shares of VOYA stock traded up $0.11 during trading hours on Monday, reaching $77.30. The company had a trading volume of 202,958 shares, compared to its average volume of 923,021. The company has a 50 day moving average of $73.28 and a 200 day moving average of $68.17. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 0.61 and a beta of 1.00. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

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

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 26th. Voya Financial's dividend payout ratio (DPR) is presently 36.00%.

About Voya Financial

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.