Algert Global LLC Has $6.88 Million Holdings in Voya Financial, Inc. $VOYA

Algert Global LLC raised its holdings in Voya Financial, Inc. (NYSE:VOYA) by 18.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,026 shares of the asset manager’s stock after acquiring an additional 14,010 shares during the period. Algert Global LLC’s holdings in Voya Financial were worth $6,884,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Voya Financial by 21.7% in the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock worth $5,741,000 after acquiring an additional 15,091 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Voya Financial by 8.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after purchasing an additional 51,376 shares in the last quarter. Empowered Funds LLC increased its position in Voya Financial by 13.5% during the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock worth $2,564,000 after purchasing an additional 4,490 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Voya Financial by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after purchasing an additional 6,127 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Up 1.9%

VOYA opened at $67.51 on Tuesday. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $79.99. The company has a fifty day moving average of $73.42 and a 200-day moving average of $73.61. The stock has a market cap of $6.26 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.45 and a beta of 0.90. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. Voya Financial’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 EPS. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be given a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.88 annualized dividend and a dividend yield of 2.8%. Voya Financial’s dividend payout ratio (DPR) is 29.89%.

Analyst Ratings Changes

A number of research firms have weighed in on VOYA. Morgan Stanley decreased their target price on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research note on Monday, December 29th. Wells Fargo & Company reduced their price objective on Voya Financial from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. Wall Street Zen cut Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus target price of $85.89.

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.