Qsemble Capital Management LP Has $3.40 Million Stock Position in Voya Financial, Inc. $VOYA

Qsemble Capital Management LP boosted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 780.9% in the fourth quarter, HoldingsChannel reports. The fund owned 45,611 shares of the asset manager’s stock after buying an additional 40,433 shares during the quarter. Qsemble Capital Management LP’s holdings in Voya Financial were worth $3,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in shares of Voya Financial by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock worth $487,463,000 after acquiring an additional 977,870 shares in the last quarter. Millennium Management LLC grew its stake in shares of Voya Financial by 135.7% in the 3rd quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock valued at $81,139,000 after buying an additional 624,436 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Voya Financial by 63.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock worth $107,101,000 after buying an additional 553,675 shares during the last quarter. Wellington Management Group LLP raised its position in Voya Financial by 11.6% during the third quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock valued at $318,800,000 after acquiring an additional 444,059 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Voya Financial by 6.8% during the second quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock valued at $242,716,000 after acquiring an additional 219,130 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Trading Down 0.5%

NYSE:VOYA opened at $81.37 on Friday. The company’s 50 day moving average is $72.74 and its 200-day moving average is $73.23. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $84.00. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.73 and a beta of 0.94.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $2.00 EPS. Voya Financial’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Voya Financial, Inc. will post 9.65 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio is 28.40%.

Wall Street Analysts Forecast Growth

VOYA has been the subject of several recent research reports. Barclays boosted their target price on shares of Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Bank of America reduced their price objective on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada upped their price objective on shares of Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group increased their target price on shares of Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, TD Cowen assumed coverage on Voya Financial in a research report on Monday, April 20th. They issued a “buy” rating and a $100.00 price target for the company. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.80.

About Voya Financial

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.