Twin Capital Management Inc. Makes New Investment in Voya Financial, Inc. $VOYA

Twin Capital Management Inc. bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 12,296 shares of the asset manager’s stock, valued at approximately $916,000.

A number of other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Four Tree Island Advisory LLC raised its holdings 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 worth $2,423,000 after acquiring an additional 174 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Voya Financial by 7.8% in the fourth quarter. GAMMA Investing LLC now owns 2,976 shares of the asset manager’s stock worth $222,000 after acquiring an additional 216 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Voya Financial by 44.0% in the first 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. Finally, LRI Investments LLC raised its holdings in shares of Voya Financial by 21.0% in the third quarter. LRI Investments LLC now owns 1,308 shares of the asset manager’s stock worth $98,000 after acquiring an additional 227 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Voya Financial stock opened at $82.35 on Friday. The firm has a market capitalization of $7.47 billion, a P/E ratio of 12.44, a PEG ratio of 0.74 and a beta of 0.94. The stock has a fifty day moving average price of $73.80 and a 200 day moving average price of $73.45. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $84.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $2.02 by $0.24. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 earnings per share. Equities research analysts anticipate that Voya Financial, Inc. will post 9.65 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.3%. Voya Financial’s dividend payout ratio is presently 28.40%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VOYA. Weiss Ratings raised Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. UBS Group upped their target price on Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Morgan Stanley upped their target price on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays upped their target price on Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company upped their target price on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $88.40.

Voya Financial Company 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.