Arrowstreet Capital Limited Partnership Grows Stake in Voya Financial, Inc. $VOYA

Arrowstreet Capital Limited Partnership grew its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 10.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,930 shares of the asset manager’s stock after acquiring an additional 21,186 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Voya Financial were worth $16,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VOYA. LPL Financial LLC increased its stake in Voya Financial by 6.5% during the 1st quarter. LPL Financial LLC now owns 19,722 shares of the asset manager’s stock valued at $1,336,000 after purchasing an additional 1,209 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of Voya Financial by 14.8% during the first quarter. New Age Alpha Advisors LLC now owns 2,558 shares of the asset manager’s stock valued at $173,000 after acquiring an additional 330 shares in the last quarter. Nuveen LLC bought a new stake in shares of Voya Financial during the first quarter valued at approximately $16,683,000. AIA Group Ltd lifted its position in Voya Financial by 29.4% in the 1st quarter. AIA Group Ltd now owns 4,099 shares of the asset manager’s stock valued at $278,000 after acquiring an additional 932 shares in the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Voya Financial during the 1st quarter valued at $285,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 1.7%

NYSE VOYA opened at $69.61 on Tuesday. The stock’s 50-day moving average price is $72.29 and its 200-day moving average price is $72.00. The company has a market capitalization of $6.62 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.50 and a beta of 0.91. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.42. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $81.66.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. Voya Financial had a return on equity of 13.89% and a net margin of 7.55%.The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business posted $2.12 EPS. Voya Financial’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Wednesday, November 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.7%. This is a positive change from Voya Financial’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 26th. Voya Financial’s dividend payout ratio is 32.30%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley upped their price target on Voya Financial from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Wells Fargo & Company decreased their target price on Voya Financial from $83.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Barclays raised their price target on shares of Voya Financial from $81.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Voya Financial in a research note on Monday, December 1st. Finally, Royal Bank Of Canada lowered their price objective on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.30.

Voya Financial Company 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.