GSA Capital Partners LLP Buys 7,823 Shares of Voya Financial, Inc. $VOYA

GSA Capital Partners LLP lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 128.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,922 shares of the asset manager’s stock after purchasing an additional 7,823 shares during the quarter. GSA Capital Partners LLP’s holdings in Voya Financial were worth $1,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Royal Bank of Canada raised its stake in shares of Voya Financial by 21.7% during the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after purchasing an additional 15,091 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Voya Financial by 8.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after purchasing an additional 51,376 shares during the period. Empowered Funds LLC raised its stake in shares of Voya Financial by 13.5% during the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after purchasing an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Voya Financial by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after purchasing an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Voya Financial by 44.0% during the 1st 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 during the period. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $82.35 on Friday. The firm has a market capitalization of $7.47 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.74 and a beta of 0.94. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $73.80 and its two-hundred day simple moving average is $73.45. Voya Financial, Inc. has a twelve month low of $64.50 and a twelve month high of $84.00.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. As a group, equities analysts anticipate that Voya Financial, Inc. will post 9.65 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio is currently 28.40%.

Analysts Set New Price Targets

A number of research firms recently issued reports on VOYA. UBS Group boosted their price objective on Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Barclays boosted their price objective on Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their target price on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $88.40.

About Voya Financial

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.