Cookson Peirce & Co. Inc. Acquires 2,827 Shares of Voya Financial, Inc. $VOYA

Cookson Peirce & Co. Inc. grew its position in Voya Financial, Inc. (NYSE:VOYA) by 28.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,891 shares of the asset manager’s stock after purchasing an additional 2,827 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Voya Financial were worth $915,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Greenleaf Trust lifted its holdings in shares of Voya Financial by 3.1% in the first quarter. Greenleaf Trust now owns 6,301 shares of the asset manager’s stock valued at $427,000 after purchasing an additional 190 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Voya Financial by 0.9% in the first quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager’s stock valued at $1,560,000 after purchasing an additional 200 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Voya Financial by 7.4% in the first quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager’s stock valued at $216,000 after purchasing an additional 219 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Voya Financial by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 32,078 shares of the asset manager’s stock valued at $2,278,000 after purchasing an additional 227 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $73.68 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The stock has a 50 day moving average of $75.18 and a 200-day moving average of $69.51. The company has a market capitalization of $7.10 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.54 and a beta of 0.98.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, topping the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company posted $2.18 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VOYA shares. UBS Group boosted their price target on Voya Financial from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley boosted their price target on Voya Financial from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Evercore ISI upped their target price on Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their target price on Voya Financial from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company upped their target price on Voya Financial from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Voya Financial Company 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.