Paloma Partners Management Co Acquires New Position in Voya Financial, Inc. (NYSE:VOYA)

Paloma Partners Management Co purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,909 shares of the asset manager's stock, valued at approximately $785,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its holdings in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after buying an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Voya Financial by 1.5% during the third 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 during the period. Dimensional Fund Advisors LP raised its stake in shares of 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. AQR Capital Management LLC boosted its holdings in Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock valued at $46,376,000 after purchasing an additional 148,810 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Voya Financial by 7.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 562,355 shares of the asset manager's stock worth $40,011,000 after purchasing an additional 37,760 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of VOYA traded down $0.41 during midday trading on Tuesday, reaching $82.54. 661,774 shares of the stock were exchanged, compared to its average volume of 812,226. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.58 and a beta of 1.02. The business's 50-day moving average price is $80.87 and its 200 day moving average price is $74.94.

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 company 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 firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.07 earnings per share. On average, sell-side analysts expect that Voya Financial, Inc. will post 8.4 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Tuesday, November 26th. Voya Financial's dividend payout ratio is currently 28.66%.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial 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 filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler increased their price target on Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Bank of America raised their target price on shares of Voya Financial from $84.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Barclays boosted their price target 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. Evercore ISI raised their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. downgraded shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 target price for the company. in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial presently has a consensus rating of "Moderate Buy" and an average target price 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.