Quantbot Technologies LP Takes Position in Voya Financial, Inc. (NYSE:VOYA)

Quantbot Technologies LP purchased a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,152 shares of the asset manager's stock, valued at approximately $1,913,000.

A number of other hedge funds have also recently bought and sold shares of the business. M&G Plc raised its position in shares of Voya Financial by 18.6% in the 2nd quarter. M&G Plc now owns 117,706 shares of the asset manager's stock valued at $8,357,000 after purchasing an additional 18,471 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock valued at $146,234,000 after acquiring an additional 248,795 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager's stock valued at $1,657,000 after acquiring an additional 20,788 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock worth $212,152,000 after acquiring an additional 38,438 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Voya Financial by 77.8% in the 1st quarter. Janus Henderson Group PLC now owns 95,012 shares of the asset manager's stock worth $7,022,000 after purchasing an additional 41,578 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

VOYA traded up $0.07 during trading hours on Friday, hitting $83.00. The company's stock had a trading volume of 441,346 shares, compared to its average volume of 812,676. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The company has a 50-day simple moving average of $80.53 and a 200 day simple moving average of $74.75. The firm has a market capitalization of $7.99 billion, a PE ratio of 13.21, a PEG ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 earnings per share. As a group, sell-side analysts expect that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, November 26th. Voya Financial's dividend payout ratio (DPR) is presently 28.66%.

Insider Activity at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VOYA. Raymond James cut shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a research report on Friday, September 13th. Wells Fargo & Company lifted their target price on Voya Financial from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Bank of America upped their price target on Voya Financial from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Barclays lifted their price objective on shares of Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Finally, Morgan Stanley reduced their price target on shares of Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Voya Financial has a consensus rating of "Moderate Buy" and an average price target of $86.00.

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.