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

Voya Financial logo with Finance background

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.

Read Our Latest Research Report on VOYA

Voya Financial Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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