Four Tree Island Advisory LLC Invests $3.16 Million in Voya Financial, Inc. $VOYA

Four Tree Island Advisory LLC acquired a new stake in Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,916 shares of the asset manager’s stock, valued at approximately $3,161,000. Voya Financial comprises about 1.0% of Four Tree Island Advisory LLC’s investment portfolio, making the stock its 14th biggest position.

Other large investors also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the period. Root Financial Partners LLC grew its holdings in Voya Financial by 59.6% during the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Voya Financial by 56.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock worth $46,000 after acquiring an additional 222 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares in the last quarter. Finally, &PARTNERS lifted its stake in shares of Voya Financial by 3.3% in the 4th quarter. &PARTNERS now owns 6,946 shares of the asset manager’s stock valued at $517,000 after purchasing an additional 225 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Shares of VOYA opened at $100.22 on Wednesday. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $103.85. The company has a market cap of $9.08 billion, a PE ratio of 16.90, a P/E/G ratio of 0.97 and a beta of 0.89. The stock has a 50-day moving average of $96.29 and a 200-day moving average of $82.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share. On average, equities research analysts predict that Voya Financial, Inc. will post 9.27 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s dividend payout ratio is presently 31.70%.

Insider Buying and Selling at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider directly owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VOYA shares. Keefe, Bruyette & Woods raised their target price on Voya Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Wells Fargo & Company boosted their price target on Voya Financial from $89.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Evercore restated an “outperform” rating and set a $111.00 price target on shares of Voya Financial in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group raised their price objective on shares of Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.54.

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.