AlphaQuest LLC Sells 18,401 Shares of Voya Financial, Inc. $VOYA

AlphaQuest LLC lessened its position in Voya Financial, Inc. (NYSE:VOYA) by 95.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 859 shares of the asset manager’s stock after selling 18,401 shares during the quarter. AlphaQuest LLC’s holdings in Voya Financial were worth $64,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Voya Financial during the 3rd quarter worth approximately $26,000. IFP Advisors Inc boosted its stake in Voya Financial by 225.6% during the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock worth $31,000 after buying an additional 300 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Voya Financial by 149.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock worth $34,000 after buying an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Voya Financial by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after buying an additional 475 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA stock opened at $74.56 on Friday. The stock’s fifty day moving average is $75.42 and its 200-day moving average is $74.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.36. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $79.99. The stock has a market capitalization of $7.09 billion, a PE ratio of 11.85, a PEG ratio of 0.50 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.88 annualized dividend and a yield of 2.5%. Voya Financial’s dividend payout ratio is currently 29.89%.

Analyst Ratings Changes

Several analysts have recently weighed in on VOYA shares. UBS Group set a $90.00 target price on shares of Voya Financial in a research report on Wednesday, February 4th. Morgan Stanley restated an “overweight” rating on shares of Voya Financial in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Wells Fargo & Company increased their target price on Voya Financial from $80.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.78.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.