Jackson Creek Investment Advisors LLC Invests $1.34 Million in Voya Financial, Inc. $VOYA

Jackson Creek Investment Advisors LLC bought a new position in Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,040 shares of the asset manager’s stock, valued at approximately $1,344,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hudson Bay Capital Management LP boosted its position in shares of Voya Financial by 21.1% in the third quarter. Hudson Bay Capital Management LP now owns 151,462 shares of the asset manager’s stock worth $11,329,000 after buying an additional 26,346 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Voya Financial by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock worth $181,901,000 after buying an additional 43,513 shares during the period. Cadence Bank boosted its position in shares of Voya Financial by 59.9% in the third quarter. Cadence Bank now owns 49,299 shares of the asset manager’s stock worth $3,688,000 after buying an additional 18,462 shares during the period. Prana Capital Management LP acquired a new stake in shares of Voya Financial in the third quarter worth $2,454,000. Finally, Impax Asset Management Group plc boosted its position in shares of Voya Financial by 11.4% in the fourth quarter. Impax Asset Management Group plc now owns 203,101 shares of the asset manager’s stock worth $15,129,000 after buying an additional 20,722 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $81.11 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $84.00. The business has a fifty day simple moving average of $75.06 and a 200 day simple moving average of $73.71. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.74 and a beta of 0.94.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $2.00 earnings per share. Voya Financial’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Voya Financial, Inc. will post 9.62 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is 28.40%.

Analysts Set New Price Targets

Several brokerages have recently commented on VOYA. Bank of America decreased their target price on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Evercore decreased their target price on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. UBS Group increased their price objective on Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Finally, Barclays increased their price objective on Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $88.30.

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.