Voya Financial, Inc. $VOYA is Kelly Financial Group LLC’s Largest Position

Kelly Financial Group LLC increased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,072,102 shares of the asset manager’s stock after purchasing an additional 77,418 shares during the period. Voya Financial accounts for approximately 44.7% of Kelly Financial Group LLC’s investment portfolio, making the stock its biggest position. Kelly Financial Group LLC’s holdings in Voya Financial were worth $304,593,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in Voya Financial by 247.1% in the 1st quarter. Jane Street Group LLC now owns 190,035 shares of the asset manager’s stock valued at $12,877,000 after acquiring an additional 135,292 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Voya Financial by 10.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 230,930 shares of the asset manager’s stock worth $16,396,000 after purchasing an additional 21,186 shares during the last quarter. Davis Capital Management purchased a new stake in shares of Voya Financial in the third quarter valued at approximately $1,484,000. Balyasny Asset Management L.P. increased its holdings in shares of Voya Financial by 119.6% in the second quarter. Balyasny Asset Management L.P. now owns 2,085,387 shares of the asset manager’s stock valued at $148,062,000 after purchasing an additional 1,135,935 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Voya Financial during the third quarter worth approximately $1,310,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

NYSE:VOYA opened at $77.85 on Wednesday. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $78.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27. The company has a 50 day moving average price of $72.66 and a 200 day moving average price of $73.22. The stock has a market capitalization of $7.41 billion, a P/E ratio of 13.38, a PEG ratio of 0.50 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. Voya Financial had a return on equity of 13.89% and a net margin of 7.55%.Voya Financial’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. Equities research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, November 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 2.4%. Voya Financial’s dividend payout ratio is 32.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VOYA shares. Keefe, Bruyette & Woods lowered their price target on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Wells Fargo & Company reduced their target price on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Morgan Stanley reissued an “overweight” rating and issued a $93.00 price target on shares of Voya Financial in a research note on Monday, December 15th. Barclays lifted their price target on shares of Voya Financial from $81.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.56.

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.