Engineers Gate Manager LP Purchases 163,157 Shares of Voya Financial, Inc. $VOYA

Engineers Gate Manager LP raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 940.5% in the 2nd quarter, Holdings Channel reports. The firm owned 180,505 shares of the asset manager’s stock after acquiring an additional 163,157 shares during the period. Engineers Gate Manager LP’s holdings in Voya Financial were worth $16,341,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Allworth Financial LP increased its stake in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Danske Bank A S bought a new stake in shares of Voya Financial during the 2nd quarter worth $27,000. Atlas Capital Advisors Inc. acquired a new stake in Voya Financial in the fourth quarter valued at about $28,000. Systematic Financial Management LP bought a new position in Voya Financial in the fourth quarter valued at about $37,000. Finally, Root Financial Partners LLC grew its position in Voya Financial by 59.6% in the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VOYA shares. Keefe, Bruyette & Woods increased their target price on shares of Voya Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Atlantic Securities set a $79.00 price objective on shares of Voya Financial in a research report on Wednesday, July 15th. TD Cowen raised their target price on shares of Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.85.

Voya Financial Stock Performance

Shares of VOYA stock opened at $102.08 on Thursday. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $99.64 and its 200-day moving average price is $85.28. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $105.64.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. Equities research analysts forecast that Voya Financial, Inc. will post 9.25 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio is 31.70%.

Voya Financial Company Profile

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.