Cipher Capital LP increased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,641 shares of the asset manager’s stock after purchasing an additional 7,182 shares during the quarter. Cipher Capital LP’s holdings in Voya Financial were worth $3,176,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Toronto Dominion Bank raised its position in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after acquiring an additional 199 shares in the last quarter. Reliance Trust Co. of Delaware bought a new stake in Voya Financial during the third quarter worth $215,000. Paragon Capital Management Ltd bought a new stake in Voya Financial during the second quarter worth $239,000. Campbell & CO Investment Adviser LLC bought a new stake in Voya Financial during the second quarter worth $254,000. Finally, TLP Group LLC bought a new stake in Voya Financial during the second quarter worth $262,000. Institutional investors and hedge funds own 96.01% of the company’s stock.
Shares of Voya Financial, Inc. (NYSE VOYA) traded up $0.53 during trading on Monday, reaching $42.06. 1,259,200 shares of the company’s stock were exchanged, compared to its average volume of 1,532,037. The firm has a market capitalization of $7,560.00, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. Voya Financial, Inc. has a 12-month low of $33.53 and a 12-month high of $42.96.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The company had revenue of $226.50 million during the quarter, compared to analyst estimates of $322.92 million. During the same quarter in the previous year, the business posted ($1.24) earnings per share. research analysts forecast that Voya Financial, Inc. will post 3.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. Voya Financial’s dividend payout ratio (DPR) is presently -2.25%.
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Several analysts have issued reports on the stock. BidaskClub raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 price objective (up from $44.00) on shares of Voya Financial in a research report on Wednesday, August 9th. ValuEngine lowered shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a research report on Friday, November 10th. Finally, Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $47.70.
Voya Financial Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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