AlphaQuest LLC Cuts Stock Holdings in Voya Financial, Inc. $VOYA

AlphaQuest LLC decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 39.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,260 shares of the asset manager’s stock after selling 12,702 shares during the quarter. AlphaQuest LLC’s holdings in Voya Financial were worth $1,367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Voya Financial by 23.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock worth $384,849,000 after purchasing an additional 1,095,190 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Voya Financial by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager’s stock worth $373,505,000 after purchasing an additional 280,316 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Voya Financial by 1.7% in the second quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager’s stock worth $259,949,000 after purchasing an additional 62,093 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Voya Financial by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,369,510 shares of the asset manager’s stock worth $160,552,000 after purchasing an additional 163,211 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Voya Financial by 8.4% in the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after purchasing an additional 51,376 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $73.53 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $7.09 billion, a P/E ratio of 14.71, a P/E/G ratio of 0.53 and a beta of 0.98. The firm’s fifty day moving average is $75.13 and its two-hundred day moving average is $69.77. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.31. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $2.18 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th were issued a $0.45 dividend. The ex-dividend date was Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Voya Financial’s payout ratio is 36.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VOYA. Royal Bank Of Canada raised their target price on shares of Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Evercore ISI lifted their price target on shares of Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. UBS Group lifted their price target on shares of Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Keefe, Bruyette & Woods lifted their price target on shares of Voya Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Morgan Stanley lifted their price target on shares of Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Voya Financial Company 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.