MGO One Seven LLC Buys 543 Shares of Voya Financial, Inc. $VOYA

MGO One Seven LLC lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,478 shares of the asset manager’s stock after acquiring an additional 543 shares during the quarter. MGO One Seven LLC’s holdings in Voya Financial were worth $10,045,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Voya Financial during the 1st quarter worth about $47,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 acquiring an additional 223 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Voya Financial by 36.9% during the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock worth $64,000 after acquiring an additional 256 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Voya Financial by 142.9% in the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager’s stock valued at $91,000 after purchasing an additional 790 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VOYA shares. Keefe, Bruyette & Woods lifted their price objective on Voya Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley lifted their price objective on Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. UBS Group lifted their price objective on Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Barclays lifted their price objective on Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price objective on Voya Financial from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Voya Financial Trading Down 2.5%

Shares of VOYA opened at $72.66 on Monday. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 0.54 and a beta of 0.98. The stock’s 50-day moving average price is $74.76 and its 200 day moving average price is $69.09.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $2.18 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, August 26th. Voya Financial’s payout ratio is currently 36.00%.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.