Jupiter Topco LLC Takes Position in Voya Financial, Inc. $VOYA

Jupiter Topco LLC bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 42,657 shares of the asset manager’s stock, valued at approximately $3,864,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VOYA. Allworth Financial LP grew its position in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Voya Financial by 59.6% in the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 214 shares during the period. Smartleaf Asset Management LLC grew its holdings in Voya Financial by 56.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 222 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after buying an additional 223 shares during the period. Finally, &PARTNERS increased its stake in Voya Financial by 3.3% during the 4th quarter. &PARTNERS now owns 6,946 shares of the asset manager’s stock worth $517,000 after buying an additional 225 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the sale, the insider owned 2,887 shares in the company, valued at $259,830. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.

Voya Financial Stock Down 0.1%

Shares of Voya Financial stock opened at $101.22 on Wednesday. The business has a 50-day moving average price of $98.12 and a 200 day moving average price of $84.06. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $103.85. The firm has a market cap of $9.17 billion, a P/E ratio of 17.07, a P/E/G ratio of 0.98 and a beta of 0.90. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. On average, sell-side analysts forecast that Voya Financial, Inc. will post 9.25 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 annualized dividend and a yield of 1.9%. Voya Financial’s dividend payout ratio (DPR) is 31.70%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VOYA shares. Barclays raised their target price on Voya Financial from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. UBS Group raised their price objective on Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods lifted their price objective on Voya Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their target price on Voya Financial from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley increased their target price on Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.85.

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.