Algert Global LLC Acquires 14,010 Shares of Voya Financial, Inc. $VOYA

Algert Global LLC increased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 18.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,026 shares of the asset manager’s stock after acquiring an additional 14,010 shares during the quarter. Algert Global LLC owned about 0.10% of Voya Financial worth $6,884,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in Voya Financial by 21.7% during the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after purchasing an additional 15,091 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Voya Financial by 8.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after buying an additional 51,376 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Voya Financial by 13.5% during the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock worth $2,564,000 after buying an additional 4,490 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Voya Financial by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock worth $25,081,000 after buying an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. boosted 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 buying an additional 223 shares during the period. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VOYA. Morgan Stanley lowered their price target on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Evercore reduced their price objective on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Finally, UBS Group set a $90.00 price target on Voya Financial in a report on Wednesday, February 4th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average price target of $85.89.

Voya Financial Price Performance

VOYA stock opened at $67.51 on Tuesday. The company’s 50-day moving average price is $73.42 and its two-hundred day moving average price is $73.61. The firm has a market cap of $6.26 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.45 and a beta of 0.90. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $79.99.

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

Voya Financial Dividend Announcement

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 given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s payout ratio is currently 29.89%.

Voya Financial Company 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.