6,025 Shares in Voya Financial, Inc. (NYSE:VOYA) Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,025 shares of the asset manager’s stock, valued at approximately $415,000.

Several other large investors have also bought and sold shares of the stock. Worldquant Millennium Advisors LLC raised its position in Voya Financial by 37.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 8,006 shares of the asset manager’s stock worth $551,000 after purchasing an additional 2,177 shares during the last quarter. Vident Advisory LLC bought a new position in Voya Financial during the 4th quarter worth $250,000. Twinbeech Capital LP bought a new position in Voya Financial during the 4th quarter worth $14,800,000. Two Sigma Advisers LP raised its position in Voya Financial by 25.1% during the 4th quarter. Two Sigma Advisers LP now owns 133,700 shares of the asset manager’s stock worth $9,203,000 after purchasing an additional 26,800 shares during the last quarter. Finally, Redwood Investment Management LLC bought a new position in shares of Voya Financial in the 4th quarter worth about $1,430,000. 96.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VOYA shares. Barclays set a $70.00 price objective on Voya Financial in a research note on Wednesday, May 7th. Morgan Stanley boosted their price objective on Voya Financial from $70.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Bank of America reissued an “underperform” rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Royal Bank of Canada dropped their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Voya Financial from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.92.

Voya Financial Trading Up 0.8%

NYSE VOYA opened at $66.49 on Friday. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.48 and a beta of 0.95. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The business has a 50 day moving average price of $62.79 and a 200-day moving average price of $69.05. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59.

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

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. Voya Financial’s dividend payout ratio is 33.96%.

Insider Activity

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total transaction of $112,506.00. Following the transaction, the director now owns 355 shares of the company’s stock, valued at $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

About Voya Financial

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.