GAMMA Investing LLC Has $174,000 Stake in Voya Financial, Inc. $VOYA

GAMMA Investing LLC lifted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 58.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,449 shares of the asset manager’s stock after purchasing an additional 905 shares during the quarter. GAMMA Investing LLC’s holdings in Voya Financial were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. A&I Financial Services LLC raised its position in Voya Financial by 5.9% in the 2nd quarter. A&I Financial Services LLC now owns 8,578 shares of the asset manager’s stock valued at $609,000 after buying an additional 478 shares during the last quarter. CX Institutional grew its stake in Voya Financial by 20.7% in the 2nd quarter. CX Institutional now owns 76,191 shares of the asset manager’s stock valued at $5,410,000 after purchasing an additional 13,050 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Voya Financial by 3.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,719 shares of the asset manager’s stock valued at $781,000 after purchasing an additional 351 shares during the period. Strs Ohio bought a new position in Voya Financial in the 1st quarter valued at $1,973,000. Finally, WBI Investments LLC bought a new position in Voya Financial in the 1st quarter valued at $231,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on Voya Financial from $80.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price target on Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Barclays increased their price target on Voya Financial from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. UBS Group increased their price target on Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley increased their price target on Voya Financial from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.70.

Voya Financial Stock Performance

NYSE:VOYA opened at $75.16 on Tuesday. The business’s 50-day moving average price is $74.09 and its two-hundred day moving average price is $68.72. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The stock has a market cap of $7.25 billion, a P/E ratio of 15.03, a PEG ratio of 0.56 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm posted $2.18 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is currently 36.00%.

About Voya Financial

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.