Voya Financial, Inc. $VOYA Holdings Increased by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in Voya Financial, Inc. (NYSE:VOYA) by 19.1% in the second quarter, HoldingsChannel reports. The fund owned 221,936 shares of the asset manager’s stock after purchasing an additional 35,631 shares during the quarter. Squarepoint Ops LLC’s holdings in Voya Financial were worth $20,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in Voya Financial by 8,471.7% during the second quarter. California State Teachers Retirement System now owns 9,703,820 shares of the asset manager’s stock worth $878,487,000 after purchasing an additional 9,590,613 shares in the last quarter. BlackRock Inc. bought a new position in Voya Financial during the 2nd quarter valued at $850,187,000. Bank of New York Mellon Corp bought a new position in Voya Financial during the 2nd quarter valued at $520,280,000. Pzena Investment Management LLC acquired a new position in shares of Voya Financial during the 2nd quarter valued at $319,539,000. Finally, Verdad Advisers LP acquired a new position in shares of Voya Financial during the 4th quarter valued at $148,980,000. 96.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Weiss Ratings lowered Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Atlantic Securities set a $79.00 target price on Voya Financial in a report on Wednesday, July 15th. Barclays boosted their price target on shares of Voya Financial from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada upped their price target on shares of Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.85.

Voya Financial Price Performance

NYSE VOYA opened at $102.08 on Thursday. The stock has a market capitalization of $9.25 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.99 and a beta of 0.90. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $105.64. The business’s fifty day moving average is $99.64 and its two-hundred day moving average is $85.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 earnings per share. On average, research analysts forecast that Voya Financial, Inc. will post 9.25 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s dividend payout ratio is currently 31.70%.

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.