SG Americas Securities LLC Purchases New Shares in Voya Financial, Inc. (NYSE:VOYA)

SG Americas Securities LLC purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,760 shares of the asset manager’s stock, valued at approximately $196,000.

Other large investors have also added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC boosted its stake in Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 149 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Voya Financial in the 1st quarter worth about $43,000. Venturi Wealth Management LLC lifted its position in shares of Voya Financial by 213.2% in the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock worth $44,000 after buying an additional 405 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Voya Financial in the 4th quarter worth about $49,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after buying an additional 822 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VOYA shares. Morgan Stanley reduced their price target on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 price objective on shares of Voya Financial in a research report on Wednesday, August 7th. Citigroup lifted their price objective on shares of Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, Bank of America lifted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.40.

Voya Financial Stock Up 2.1 %

Voya Financial stock opened at $68.86 on Friday. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.47 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $70.27 and its two-hundred day moving average price is $70.73. Voya Financial, Inc. has a 52 week low of $63.02 and a 52 week high of $76.75.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, beating the consensus estimate of $2.14 by $0.13. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. Voya Financial’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $2.31 EPS. On average, analysts expect that Voya Financial, Inc. will post 8.45 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.45 per share. This is a boost from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.80 annualized dividend and a yield of 2.61%. Voya Financial’s dividend payout ratio (DPR) is presently 22.73%.

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.