CenterBook Partners LP Purchases Shares of 39,715 Voya Financial, Inc. $VOYA

CenterBook Partners LP purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,715 shares of the asset manager’s stock, valued at approximately $2,958,000.

Several other institutional investors have also added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. boosted its position in Voya Financial by 15.5% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 16,365 shares of the asset manager’s stock valued at $1,219,000 after buying an additional 2,191 shares during the period. TD Asset Management Inc purchased a new stake in Voya Financial during the fourth quarter valued at about $914,000. Goldman Sachs Group Inc. boosted its position in Voya Financial by 14.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 668,085 shares of the asset manager’s stock valued at $49,766,000 after buying an additional 84,006 shares during the period. AXQ Capital LP purchased a new stake in Voya Financial during the fourth quarter valued at about $341,000. Finally, BNP Paribas Financial Markets boosted its position in Voya Financial by 85.7% during the fourth quarter. BNP Paribas Financial Markets now owns 58,918 shares of the asset manager’s stock valued at $4,389,000 after buying an additional 27,189 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Voya Financial stock opened at $88.53 on Tuesday. 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 50-day moving average of $77.53 and a 200-day moving average of $74.42. The firm has a market cap of $8.03 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.79 and a beta of 0.92. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $90.52.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business posted $2.00 earnings per share. Voya Financial’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Voya Financial, Inc. will post 9.56 EPS for the current year.

Voya Financial Announces Dividend

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

Analyst Ratings Changes

VOYA has been the subject of a number of analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Barclays increased their target price on shares of Voya Financial from $89.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. dropped their target price on shares of Voya Financial from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Wells Fargo & Company increased their target price on shares of Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, Bank of America dropped their target price on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.73.

Voya Financial 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.