7,685 Shares in Voya Financial, Inc. $VOYA Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,685 shares of the asset manager’s stock, valued at approximately $575,000.

A number of other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Voya Financial in the third quarter valued at approximately $26,000. IFP Advisors Inc grew its holdings in Voya Financial by 225.6% during the 2nd quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock worth $31,000 after acquiring an additional 300 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Voya Financial by 149.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 475 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VOYA has been the subject 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 for the company in a report on Tuesday, November 11th. Morgan Stanley reissued an “overweight” rating on shares of Voya Financial in a research note on Thursday, January 22nd. UBS Group set a $90.00 price objective on Voya Financial in a research note on Wednesday, February 4th. Barclays raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Finally, Wall Street Zen downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.78.

Voya Financial Price Performance

Shares of VOYA opened at $76.34 on Tuesday. The firm has a market cap of $7.26 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.52 and a beta of 0.89. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $79.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.36. The business’s 50 day moving average price is $75.05 and its two-hundred day moving average price is $73.96.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.17). The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 EPS. On average, equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.88 annualized dividend and a dividend yield of 2.5%. Voya Financial’s dividend payout ratio is currently 29.89%.

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.