Hudson Bay Capital Management LP Buys 26,346 Shares of Voya Financial, Inc. $VOYA

Hudson Bay Capital Management LP raised its stake in Voya Financial, Inc. (NYSE:VOYA) by 21.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 151,462 shares of the asset manager’s stock after buying an additional 26,346 shares during the period. Hudson Bay Capital Management LP’s holdings in Voya Financial were worth $11,329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Voya Financial in the 3rd quarter valued at about $26,000. Allworth Financial LP raised its position in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Rothschild Investment LLC boosted its stake in Voya Financial by 5,180.0% during the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after acquiring an additional 518 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Voya Financial by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after acquiring an additional 475 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in Voya Financial during the third quarter valued at approximately $42,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 1.0%

Shares of VOYA stock opened at $66.86 on Friday. The firm’s fifty day moving average price is $72.79 and its two-hundred day moving average price is $73.47. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $79.99. The firm has a market capitalization of $6.20 billion, a P/E ratio of 10.63, a PEG ratio of 0.46 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. On average, equities analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s dividend payout ratio is presently 29.89%.

Analyst Ratings Changes

Several brokerages have commented on VOYA. Wall Street Zen downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Barclays raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $83.00 to $93.00 in a report on Thursday, January 8th. Morgan Stanley dropped their price objective on Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $85.89.

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.