Quadrature Capital Ltd Makes New Investment in Voya Financial, Inc. (NYSE:VOYA)

Quadrature Capital Ltd bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,517 shares of the asset manager’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VOYA. Chilton Capital Management LLC acquired a new position in Voya Financial during the 4th quarter worth about $26,000. GAMMA Investing LLC acquired a new position in Voya Financial during the 4th quarter worth about $49,000. KBC Group NV lifted its holdings in Voya Financial by 50.6% during the 4th quarter. KBC Group NV now owns 1,871 shares of the asset manager’s stock worth $137,000 after buying an additional 629 shares during the period. Mutual Advisors LLC acquired a new position in Voya Financial during the 3rd quarter worth about $201,000. Finally, MQS Management LLC acquired a new position in Voya Financial during the 3rd quarter worth about $203,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $73.78, for a total transaction of $159,733.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Wells Fargo & Company lifted their price objective on Voya Financial from $91.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Piper Sandler lifted their price objective on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Evercore ISI lifted their price objective on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $83.44.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $71.90 on Thursday. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.00. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.52 and a beta of 1.07. The business has a 50-day simple moving average of $72.55 and a 200 day simple moving average of $71.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.80 billion. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 EPS. On average, research analysts anticipate that Voya Financial, Inc. will post 8.53 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, May 24th. Voya Financial’s dividend payout ratio is currently 22.73%.

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.