Arjuna Capital Invests $1.48 Million in Voya Financial, Inc. $VOYA

Arjuna Capital purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, Holdings Channel.com reports. The firm purchased 19,846 shares of the asset manager’s stock, valued at approximately $1,478,000.

Several other hedge funds and other institutional investors have also modified their holdings of VOYA. Bank of New York Mellon Corp boosted its holdings in shares of Voya Financial by 17.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock valued at $487,463,000 after buying an additional 977,870 shares during the period. Millennium Management LLC boosted its holdings in shares of Voya Financial by 135.7% in the 3rd quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock valued at $81,139,000 after buying an additional 624,436 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Voya Financial by 63.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock valued at $107,101,000 after buying an additional 553,675 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Voya Financial by 11.6% in the 3rd quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock valued at $318,800,000 after buying an additional 444,059 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Voya Financial by 6.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock valued at $242,716,000 after buying an additional 219,130 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods reduced their price target on Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Royal Bank Of Canada boosted their price target on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group boosted their price target on Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Bank of America reduced their price target on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average target price of $87.80.

Voya Financial Trading Down 0.5%

Shares of Voya Financial stock opened at $81.37 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. The business has a fifty day simple moving average of $72.74 and a 200-day simple moving average of $73.23. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $84.00.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.24. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. On average, equities analysts forecast that Voya Financial, Inc. will post 9.65 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 2.3%. Voya Financial’s dividend payout ratio is currently 28.40%.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.