Paloma Partners Management Co Takes $785,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Paloma Partners Management Co purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,909 shares of the asset manager’s stock, valued at approximately $785,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VOYA. Point72 Asia Singapore Pte. Ltd. bought a new position in Voya Financial during the 3rd quarter valued at $887,000. Point72 Europe London LLP acquired a new position in Voya Financial in the third quarter worth about $3,360,000. Verition Fund Management LLC grew its stake in Voya Financial by 51.6% in the third quarter. Verition Fund Management LLC now owns 67,868 shares of the asset manager’s stock worth $5,377,000 after purchasing an additional 23,096 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Voya Financial during the third quarter valued at approximately $2,416,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Voya Financial by 1.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,600 shares of the asset manager’s stock worth $1,790,000 after buying an additional 405 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Insider Activity at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Voya Financial Stock Down 0.1 %

Shares of Voya Financial stock opened at $82.95 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The business’s fifty day moving average price is $80.77 and its two-hundred day moving average price is $74.89. The company has a market capitalization of $7.98 billion, a P/E ratio of 13.21, a PEG ratio of 0.58 and a beta of 1.02.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 earnings per share. As a group, research analysts forecast that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Wall Street Analyst Weigh In

VOYA has been the topic of several research reports. JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research report on Thursday, October 3rd. Evercore ISI increased their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Finally, Royal Bank of Canada raised their target price on shares of Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

About Voya Financial

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.