Crestline Management LP Acquires 2,894 Shares of Voya Financial, Inc. (NYSE:VOYA)

Crestline Management LP raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 52.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,363 shares of the asset manager’s stock after acquiring an additional 2,894 shares during the quarter. Crestline Management LP’s holdings in Voya Financial were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of Voya Financial by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock valued at $445,487,000 after acquiring an additional 876,399 shares during the period. FMR LLC increased its stake in shares of Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager’s stock worth $219,274,000 after purchasing an additional 301,682 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after purchasing an additional 2,131,578 shares during the period. Geode Capital Management LLC lifted its stake in shares of Voya Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager’s stock valued at $116,058,000 after buying an additional 23,818 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Voya Financial by 52.9% in the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager’s stock worth $98,950,000 after buying an additional 497,348 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 0.1 %

VOYA opened at $66.97 on Friday. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $62.85 and a 200 day moving average of $70.28. The firm has a market cap of $6.44 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.56. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. As a group, research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several research analyst reports. Bank of America restated an “underperform” rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. UBS Group dropped their price target on Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada dropped their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Voya Financial from $69.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Voya Financial has a consensus rating of “Hold” and a consensus price target of $81.83.

About Voya Financial

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.