Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 96.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,077 shares of the asset manager’s stock after selling 208,499 shares during the period. Squarepoint Ops LLC’s holdings in Voya Financial were worth $575,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Evergreen Capital Management LLC acquired a new position in shares of Voya Financial during the second quarter worth $211,000. DRW Securities LLC purchased a new stake in Voya Financial during the 2nd quarter worth about $873,000. Prospector Partners LLC boosted its position in shares of Voya Financial by 0.6% during the 2nd quarter. Prospector Partners LLC now owns 115,632 shares of the asset manager’s stock worth $8,227,000 after acquiring an additional 740 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Voya Financial by 7.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 562,355 shares of the asset manager’s stock valued at $40,011,000 after acquiring an additional 37,760 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Voya Financial by 25.7% during the 2nd quarter. Pacer Advisors Inc. now owns 19,872 shares of the asset manager’s stock worth $1,414,000 after acquiring an additional 4,064 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Shares of VOYA opened at $78.45 on Wednesday. The stock has a market capitalization of $7.90 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.59 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $80.16. The company’s fifty day moving average is $72.02 and its two-hundred day moving average is $72.04.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.31 earnings per share. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, August 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Tuesday, August 27th. This is a positive change from Voya Financial’s previous quarterly dividend of $0.40. Voya Financial’s dividend payout ratio is currently 25.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Voya Financial from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Barclays upped their target price on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup lifted their price target on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group upped their price objective on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Bank of America lifted their target price on Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.91.

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.