Epoch Investment Partners Inc. Invests $12.48 Million in Voya Financial, Inc. $VOYA

Epoch Investment Partners Inc. bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 167,510 shares of the asset manager’s stock, valued at approximately $12,478,000.

Several other institutional investors and hedge funds have also made changes to their positions in VOYA. Allworth Financial LP lifted its position in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Voya Financial during the fourth quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial during the fourth quarter worth $33,000. Systematic Financial Management LP bought a new stake in shares of Voya Financial during the fourth quarter worth $37,000. Finally, Rothschild Investment LLC lifted its position in shares of Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after purchasing an additional 518 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction dated 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 owned 2,887 shares in the company, valued at $259,830. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $91.39 on Monday. The stock’s fifty day moving average price is $79.36 and its 200-day moving average price is $75.01. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $92.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.29 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.83 and a beta of 0.92.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm earned $2.00 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Voya Financial, Inc. will post 9.6 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s payout ratio is 28.40%.

Analyst Ratings Changes

VOYA has been the topic of several research reports. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. TD Cowen initiated coverage on Voya Financial in a research note on Monday, April 20th. They set a “buy” rating and a $100.00 price target on the stock. Keefe, Bruyette & Woods cut their price target on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. JPMorgan Chase & Co. cut their price target on Voya Financial from $89.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Finally, Morgan Stanley raised their price target on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.73.

About Voya Financial

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.