Jackson Creek Investment Advisors LLC Buys Shares of 18,040 Voya Financial, Inc. $VOYA

Jackson Creek Investment Advisors LLC bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,040 shares of the asset manager’s stock, valued at approximately $1,344,000.

Several other institutional investors also recently bought and sold shares of VOYA. Root Financial Partners LLC bought a new position in Voya Financial during the third quarter valued at about $26,000. Allworth Financial LP raised its holdings in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Voya Financial during the fourth quarter valued at about $33,000. Systematic Financial Management LP bought a new position in Voya Financial during the fourth quarter valued at about $37,000. Finally, Rothschild Investment LLC raised its holdings in Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after buying an additional 518 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the topic of several recent research reports. Barclays raised their target price on Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. TD Cowen started coverage on Voya Financial in a research note on Monday, April 20th. They issued a “buy” rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $89.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings upgraded Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.30.

Voya Financial Trading Down 1.6%

Voya Financial stock opened at $81.11 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.27. The business’s 50-day simple moving average is $75.06 and its 200-day simple moving average is $73.71. The firm has a market capitalization of $7.35 billion, a PE ratio of 12.25, a PEG ratio of 0.74 and a beta of 0.94. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $84.00.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $2.00 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts forecast that Voya Financial, Inc. will post 9.62 earnings per share for the current year.

Voya Financial Dividend Announcement

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

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.