PEAK6 LLC Purchases New Holdings in Voya Financial, Inc. $VOYA

PEAK6 LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, HoldingsChannel reports. The fund acquired 14,084 shares of the asset manager’s stock, valued at approximately $1,275,000.

A number of other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Four Tree Island Advisory LLC boosted its stake in shares of Voya Financial by 0.5% in the fourth quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager’s stock worth $2,423,000 after acquiring an additional 174 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Voya Financial by 59.6% during the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after purchasing an additional 214 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Voya Financial by 56.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 222 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Voya Financial by 44.0% in 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 last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley raised their price objective on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating and issued a $111.00 target price on shares of Voya Financial in a research report on Friday, August 7th. TD Cowen raised their price target on shares of Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a research note on Monday, June 8th. One equities 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 data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $102.85.

Insiders Place Their Bets

In other news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider owned 2,887 shares of the company’s stock, valued at $259,830. This represents a 58.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by insiders.

Voya Financial Stock Down 0.0%

Shares of VOYA opened at $97.74 on Monday. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $103.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $96.73 and a two-hundred day simple moving average of $82.78. The company has a market capitalization of $8.86 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 0.94 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share 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 firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the firm posted $1.66 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Voya Financial, Inc. will post 9.27 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s payout ratio is presently 31.70%.

Voya Financial 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.