Qsemble Capital Management LP Buys New Shares in Voya Financial, Inc. (NYSE:VOYA)

Qsemble Capital Management LP acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,155 shares of the asset manager's stock, valued at approximately $1,201,000.

A number of other large investors also recently modified their holdings of VOYA. Massachusetts Financial Services Co. MA raised its holdings in 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 purchasing an additional 38,438 shares in the last quarter. Boston Partners grew its holdings in shares of Voya Financial by 83.8% during the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager's stock worth $186,310,000 after buying an additional 1,151,822 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock worth $146,234,000 after purchasing an additional 248,795 shares during the period. AQR Capital Management LLC lifted its position in Voya Financial by 29.6% during the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock worth $46,376,000 after buying an additional 148,810 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of 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 acquiring an additional 37,760 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on Voya Financial from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Royal Bank of Canada increased their target price on Voya Financial from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Evercore ISI raised their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Bank of America lifted their price target on Voya Financial from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Piper Sandler increased their target price on shares of Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Six research 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 company's stock. Based on data from MarketBeat.com, Voya Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

Insider Transactions at Voya Financial

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

Voya Financial Stock Performance

Shares of VOYA traded up $0.51 during mid-day trading on Wednesday, reaching $82.93. 480,401 shares of the company's stock traded hands, compared to its average volume of 814,291. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The business's 50-day moving average price is $80.30 and its 200-day moving average price is $74.63. The stock has a market capitalization of $7.98 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a 12 month low of $63.11 and a 12 month high of $84.30.

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

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%. Voya Financial's dividend payout ratio (DPR) is 28.66%.

Voya Financial 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.