Qsemble Capital Management LP Takes $578,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Qsemble Capital Management LP acquired a new stake in shares of Voya Financial, Inc. (NYSE:VOYAFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,700 shares of the asset manager’s stock, valued at approximately $578,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in VOYA. American Century Companies Inc. raised its position in shares of Voya Financial by 73.0% during the 1st quarter. American Century Companies Inc. now owns 32,836 shares of the asset manager’s stock valued at $2,179,000 after buying an additional 13,861 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Voya Financial by 6.5% during the 1st quarter. HighTower Advisors LLC now owns 3,960 shares of the asset manager’s stock valued at $262,000 after purchasing an additional 243 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Voya Financial by 41.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,368 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 1,270 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of Voya Financial by 18.9% during the 1st quarter. Natixis Advisors L.P. now owns 28,056 shares of the asset manager’s stock valued at $1,862,000 after purchasing an additional 4,469 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Voya Financial in the 1st quarter worth $226,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VOYA shares. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $96.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, October 6th. Morgan Stanley cut their price target on shares of Voya Financial from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price target on shares of Voya Financial in a report on Friday, November 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $82.00 price target on shares of Voya Financial in a report on Monday, January 8th. Finally, StockNews.com raised shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.67.

View Our Latest Analysis on VOYA

Voya Financial Trading Up 0.7 %

Shares of VOYA opened at $71.70 on Friday. The firm’s 50-day moving average price is $72.40 and its 200-day moving average price is $70.59. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.50 and a beta of 1.08. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.69. Voya Financial, Inc. has a 1-year low of $62.79 and a 1-year high of $78.11.

Voya Financial (NYSE:VOYAGet Free Report) last announced its earnings results on Tuesday, October 31st. The asset manager reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Voya Financial had a net margin of 10.81% and a return on equity of 16.91%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $336.28 million. During the same period in the previous year, the firm posted $2.30 EPS. Sell-side analysts anticipate that Voya Financial, Inc. will post 8.05 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Monday, February 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. Voya Financial’s dividend payout ratio (DPR) is currently 26.23%.

About Voya Financial

(Free Report)

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.

See Also

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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