AXQ Capital LP Has $946,000 Stake in Voya Financial, Inc. $VOYA

AXQ Capital LP raised its holdings in Voya Financial, Inc. (NYSE:VOYA) by 66.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,327 shares of the asset manager’s stock after purchasing an additional 5,310 shares during the period. AXQ Capital LP’s holdings in Voya Financial were worth $946,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. IFP Advisors Inc raised its position in shares of Voya Financial by 225.6% in the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after buying an additional 300 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Voya Financial by 149.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Voya Financial during the 1st quarter valued at $47,000. Geneos Wealth Management Inc. grew its holdings in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares in the last quarter. Finally, Quarry LP increased its position in shares of Voya Financial by 205.7% in the first quarter. Quarry LP now owns 1,651 shares of the asset manager’s stock worth $112,000 after purchasing an additional 1,111 shares during the period. 96.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Evercore ISI upped their price objective on shares of Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Voya Financial in a report on Wednesday. Wall Street Zen lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. UBS Group boosted their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company cut their target price on Voya Financial from $83.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $84.30.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $69.01 on Friday. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $83.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.49 and a beta of 0.99. The firm has a 50 day simple moving average of $73.52 and a 200 day simple moving average of $71.72.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the business earned $2.12 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Wednesday, November 26th will be given a $0.47 dividend. This is a boost from Voya Financial’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, November 26th. Voya Financial’s dividend payout ratio is 30.93%.

Voya Financial 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.