Oppenheimer Asset Management Inc. Takes $2.04 Million Position in Voya Financial, Inc. $VOYA

Oppenheimer Asset Management Inc. purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,587 shares of the asset manager’s stock, valued at approximately $2,045,000.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Voya Financial by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 4,492,908 shares of the asset manager’s stock worth $334,677,000 after buying an additional 230,877 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Voya Financial by 1.3% in the first quarter. Pzena Investment Management LLC now owns 3,673,118 shares of the asset manager’s stock valued at $250,947,000 after buying an additional 46,906 shares during the period. Boston Partners lifted its holdings in Voya Financial by 1.8% in the fourth quarter. Boston Partners now owns 3,557,281 shares of the asset manager’s stock valued at $265,363,000 after buying an additional 61,962 shares during the period. Ameriprise Financial Inc. boosted its stake in Voya Financial by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock valued at $242,716,000 after acquiring an additional 219,130 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Voya Financial by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager’s stock valued at $184,436,000 after acquiring an additional 248,935 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Insider Buying and Selling

In related news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on VOYA. Keefe, Bruyette & Woods upped their target price on shares of Voya Financial from $109.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Jefferies Financial Group raised their price target on Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Evercore restated an “outperform” rating and issued a $111.00 price target on shares of Voya Financial in a research report on Friday, August 7th. UBS Group lifted their price objective on Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company upped their price objective on Voya Financial from $89.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.54.

Voya Financial Stock Down 0.1%

Shares of NYSE VOYA opened at $101.42 on Monday. The stock has a market cap of $9.19 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.97 and a beta of 0.89. The firm has a 50 day moving average price of $95.82 and a 200 day moving average price of $82.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $103.85.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 EPS. Analysts expect that Voya Financial, Inc. will post 9.3 EPS for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be given a $0.47 dividend. The ex-dividend date 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 is currently 31.70%.

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.