Voya Financial, Inc. (NYSE:VOYA) Holdings Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 25.1% during the 4th quarter, HoldingsChannel reports. The firm owned 133,700 shares of the asset manager’s stock after buying an additional 26,800 shares during the quarter. Two Sigma Advisers LP’s holdings in Voya Financial were worth $9,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after buying an additional 327 shares during the period. Quarry LP acquired a new stake in shares of Voya Financial during the 4th quarter valued at $37,000. R Squared Ltd acquired a new stake in shares of Voya Financial during the 4th quarter valued at $41,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VOYA has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. UBS Group decreased their target price on shares of Voya Financial from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Voya Financial from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lifted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $81.92.

Voya Financial Stock Down 1.4%

VOYA stock opened at $65.79 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a fifty day simple moving average of $62.96 and a 200 day simple moving average of $69.49. The firm has a market cap of $6.33 billion, a PE ratio of 10.75, a PEG ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Voya Financial’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. Sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial’s dividend payout ratio is 33.96%.

Voya Financial 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.