Edgestream Partners L.P. Takes Position in Voya Financial, Inc. $VOYA

Edgestream Partners L.P. bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 73,202 shares of the asset manager’s stock, valued at approximately $5,197,000. Edgestream Partners L.P. owned 0.08% of Voya Financial at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VOYA. ProShare Advisors LLC lifted its position in shares of Voya Financial by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock worth $303,000 after acquiring an additional 171 shares during the period. Wealthspire Advisors LLC boosted its position in Voya Financial by 7.4% in the first quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager’s stock valued at $216,000 after buying an additional 219 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Voya Financial by 2.3% in the 2nd quarter. Ethic Inc. now owns 10,098 shares of the asset manager’s stock worth $714,000 after acquiring an additional 223 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Voya Financial by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,078 shares of the asset manager’s stock worth $2,278,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

VOYA has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Evercore ISI increased 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. UBS Group lifted their target price on Voya Financial from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price target on shares of Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods cut their price objective on Voya Financial from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Voya Financial currently has an average rating of “Hold” and an average target price of $84.30.

Voya Financial Stock Performance

NYSE VOYA opened at $69.81 on Wednesday. The stock has a market cap of $6.64 billion, a PE ratio of 11.99, a P/E/G ratio of 0.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a 50-day moving average of $72.68 and a 200-day moving average of $71.93. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $83.35.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share for the quarter, beating 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 firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the firm earned $2.12 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Wednesday, November 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. Voya Financial’s payout ratio is 32.30%.

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.