SG Americas Securities LLC Has $1.33 Million Stock Holdings in Voya Financial, Inc. $VOYA

SG Americas Securities LLC lifted its holdings in Voya Financial, Inc. (NYSE:VOYA) by 81.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,823 shares of the asset manager’s stock after buying an additional 8,025 shares during the quarter. SG Americas Securities LLC’s holdings in Voya Financial were worth $1,333,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VOYA. IFP Advisors Inc increased its position in Voya Financial by 225.6% in the 2nd quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 300 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Voya Financial by 149.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Voya Financial in the 3rd quarter worth approximately $65,000. Institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

VOYA has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $93.00 price target on shares of Voya Financial in a research note on Monday, December 15th. Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Finally, Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.33.

Voya Financial Trading Down 4.7%

NYSE VOYA opened at $74.63 on Friday. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $79.99. The stock has a 50-day simple moving average of $73.39 and a 200 day simple moving average of $73.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $7.10 billion, a PE ratio of 12.82, a P/E/G ratio of 0.49 and a beta of 0.90.

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

Voya Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, November 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This is a boost from Voya Financial’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 2.5%. Voya Financial’s payout ratio is currently 32.30%.

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.