Holocene Advisors LP Has $7.70 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Holocene Advisors LP grew its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 31.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,254 shares of the asset manager's stock after purchasing an additional 22,995 shares during the period. Holocene Advisors LP owned approximately 0.10% of Voya Financial worth $7,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VOYA. V Square Quantitative Management LLC acquired a new position in Voya Financial in the third quarter worth about $29,000. UMB Bank n.a. grew its position in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock worth $35,000 after acquiring an additional 239 shares in the last quarter. Quarry LP bought a new stake in shares of Voya Financial in the 2nd quarter valued at approximately $61,000. Blue Trust Inc. raised its position in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock valued at $65,000 after acquiring an additional 801 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Voya Financial during the third quarter worth $79,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% of the company's stock.

Voya Financial Stock Performance

Voya Financial stock traded down $0.73 during trading hours on Wednesday, hitting $81.84. The stock had a trading volume of 449,674 shares, compared to its average volume of 810,677. The company has a 50-day moving average of $80.93 and a two-hundred day moving average of $74.99. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The company has a market cap of $7.87 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02. Voya Financial, Inc. has a fifty-two week low of $63.11 and a fifty-two week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 EPS. On average, equities research analysts anticipate that Voya Financial, Inc. will post 8.4 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.20%. Voya Financial's dividend payout ratio (DPR) is 28.66%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price objective for the company. in a research report on Thursday, October 3rd. Barclays increased their price target on Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on Voya Financial from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Evercore ISI boosted their price objective on Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Finally, Piper Sandler boosted their price objective on Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $86.00.

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.