Stevens Capital Management LP Takes Position in Voya Financial Inc (VOYA)

Stevens Capital Management LP purchased a new position in shares of Voya Financial Inc (NYSE:VOYA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,736 shares of the asset manager’s stock, valued at approximately $2,291,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its holdings in Voya Financial by 66.0% in the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 1,007 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Voya Financial by 46.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 983 shares during the period. Commonwealth Equity Services LLC purchased a new position in Voya Financial in the first quarter valued at $203,000. Wetherby Asset Management Inc. purchased a new position in Voya Financial in the second quarter valued at $204,000. Finally, Gideon Capital Advisors Inc. purchased a new position in Voya Financial in the first quarter valued at $213,000.

Voya Financial stock opened at $49.76 on Monday. Voya Financial Inc has a 1-year low of $35.82 and a 1-year high of $55.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.46.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Wednesday, August 1st. The asset manager reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.04. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. The company had revenue of $238.00 million for the quarter, compared to analysts’ expectations of $302.38 million. During the same period last year, the firm earned $0.89 earnings per share. analysts anticipate that Voya Financial Inc will post 4.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, August 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, August 30th. Voya Financial’s dividend payout ratio is presently 1.33%.

A number of research analysts recently issued reports on VOYA shares. Wells Fargo & Co set a $62.00 target price on Voya Financial and gave the company a “buy” rating in a report on Tuesday, May 1st. ValuEngine lowered Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Morgan Stanley lifted their target price on Voya Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, May 2nd. Barclays started coverage on Voya Financial in a report on Friday, June 8th. They issued an “equal weight” rating and a $55.00 target price for the company. Finally, Goldman Sachs Group started coverage on Voya Financial in a report on Wednesday, June 20th. They issued a “neutral” rating and a $60.00 target price for the company. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $59.46.

About Voya Financial

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

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

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