Balyasny Asset Management L.P. Acquires 1,135,935 Shares of Voya Financial, Inc. $VOYA

Balyasny Asset Management L.P. grew its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 119.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,085,387 shares of the asset manager’s stock after buying an additional 1,135,935 shares during the period. Balyasny Asset Management L.P. owned approximately 2.16% of Voya Financial worth $148,062,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc increased its position in shares of Voya Financial by 225.6% during the 2nd quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock worth $31,000 after purchasing an additional 300 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Voya Financial by 149.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock worth $34,000 after acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Voya Financial in the 1st quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. raised its holdings in Voya Financial by 44.0% in 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 period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on VOYA shares. Royal Bank Of Canada cut 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. Wall Street Zen downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings raised Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Morgan Stanley upped their price objective on Voya Financial from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Seven 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.30.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $73.64 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.01 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.53 and a beta of 0.91. The company has a 50 day moving average of $72.14 and a 200-day moving average of $72.11. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $78.00.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, November 4th. The asset manager reported $2.45 EPS 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $2.12 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Wednesday, November 26th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, November 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.6%. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. Voya Financial’s dividend payout ratio is currently 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.