AlphaQuest LLC Reduces Position in Voya Financial, Inc. $VOYA

AlphaQuest LLC cut its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 39.7% in the second quarter, Holdings Channel.com reports. The firm owned 19,260 shares of the asset manager’s stock after selling 12,702 shares during the quarter. AlphaQuest LLC’s holdings in Voya Financial were worth $1,367,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VOYA. Greenleaf Trust lifted its position in shares of Voya Financial by 3.1% in the 1st quarter. Greenleaf Trust now owns 6,301 shares of the asset manager’s stock worth $427,000 after purchasing an additional 190 shares during the period. State of Michigan Retirement System increased its stake in Voya Financial by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager’s stock valued at $1,560,000 after purchasing an additional 200 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Voya Financial by 7.4% during the 1st quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager’s stock valued at $216,000 after purchasing an additional 219 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares in the last quarter. Finally, Ethic Inc. boosted its holdings in shares of Voya Financial by 2.3% in the 2nd quarter. Ethic Inc. now owns 10,098 shares of the asset manager’s stock valued at $714,000 after acquiring an additional 223 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $73.53 on Friday. The company’s fifty day moving average price is $75.13 and its 200 day moving average price is $69.77. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a market capitalization of $7.09 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 0.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.31. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $2.18 earnings per share. On average, research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VOYA shares. Royal Bank Of Canada upped their price objective on shares of Voya Financial from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price objective on shares of Voya Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a report on Friday. Finally, Evercore ISI upped their price objective on shares of Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

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.