Sculptor Capital LP Takes Position in Voya Financial, Inc. $VOYA

Sculptor Capital LP bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 2nd quarter, Holdings Channel.com reports. The firm bought 334,000 shares of the asset manager’s stock, valued at approximately $30,237,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP raised its stake in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the period. Four Tree Island Advisory LLC lifted its position in shares of Voya Financial by 0.5% in the fourth quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager’s stock valued at $2,423,000 after buying an additional 174 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Voya Financial by 59.6% during the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Voya Financial by 56.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock worth $46,000 after acquiring an additional 222 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $100.61 on Wednesday. The firm has a market cap of $9.11 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The business’s 50 day moving average is $97.08 and its 200-day moving average is $83.14. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $103.85.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts predict that Voya Financial, Inc. will post 9.27 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. Voya Financial’s dividend payout ratio (DPR) is currently 31.70%.

Analyst Ratings Changes

Several equities research analysts have issued reports on VOYA shares. JPMorgan Chase & Co. raised their price target on Voya Financial from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Evercore reiterated an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a report on Friday, August 7th. Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a research report on Monday, June 8th. Wells Fargo & Company raised their target price on shares of Voya Financial from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada lifted their target price on shares of Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.85.

Insider Activity

In other news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.