CenterBook Partners LP Makes New Investment in Voya Financial, Inc. $VOYA

CenterBook Partners LP acquired a new position in Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, Holdings Channel reports. The firm acquired 39,715 shares of the asset manager’s stock, valued at approximately $2,958,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares during the period. V Square Quantitative Management LLC purchased a new stake in Voya Financial in the fourth quarter worth about $33,000. Systematic Financial Management LP bought a new position in shares of Voya Financial during the fourth quarter valued at approximately $37,000. Rothschild Investment LLC increased its stake in shares of Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 518 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Voya Financial by 625.0% during 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 in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VOYA shares. Keefe, Bruyette & Woods decreased their target price on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Royal Bank Of Canada raised their target price on shares of Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research note on Monday. Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.73.

Voya Financial Price Performance

Shares of VOYA opened at $88.53 on Tuesday. The company has a market capitalization of $8.03 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $77.53 and a 200 day moving average of $74.42. Voya Financial, Inc. has a twelve month low of $64.50 and a twelve month high of $90.52.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.24. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 earnings per share. As a group, equities research analysts anticipate that Voya Financial, Inc. will post 9.56 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. Voya Financial’s dividend payout ratio (DPR) is 28.40%.

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.