Lecap Asset Management Ltd. Cuts Position in Voya Financial, Inc. (NYSE:VOYA)

Lecap Asset Management Ltd. reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 22.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,627 shares of the asset manager’s stock after selling 5,608 shares during the period. Lecap Asset Management Ltd.’s holdings in Voya Financial were worth $1,396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SYSTM Wealth Solutions LLC lifted its position in Voya Financial by 56.2% during the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after buying an additional 149 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Voya Financial during the first quarter valued at approximately $43,000. Venturi Wealth Management LLC raised its position in shares of Voya Financial by 213.2% during the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock worth $44,000 after purchasing an additional 405 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Voya Financial in the fourth quarter valued at approximately $49,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after buying an additional 822 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Up 0.4 %

NYSE VOYA traded up $0.29 on Wednesday, hitting $67.08. 418,291 shares of the company were exchanged, compared to its average volume of 822,482. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The company has a market cap of $6.60 billion, a PE ratio of 9.49, a PEG ratio of 0.48 and a beta of 1.05. The stock has a fifty day moving average of $70.49 and a 200-day moving average of $70.81. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $76.75.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts forecast that Voya Financial, Inc. will post 8.48 earnings per share for the current year.

Voya Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, August 27th will be issued a $0.45 dividend. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Tuesday, August 27th. Voya Financial’s payout ratio is 22.73%.

Insider Buying and Selling

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VOYA. JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 target price on shares of Voya Financial in a research note on Wednesday, August 7th. Citigroup increased their target price on Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley decreased their target price on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Jefferies Financial Group boosted their price target on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.40.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.