SG Americas Securities LLC Increases Holdings in Voya Financial, Inc. $VOYA

SG Americas Securities LLC boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 1,038.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,718 shares of the asset manager’s stock after purchasing an additional 103,728 shares during the quarter. SG Americas Securities LLC’s holdings in Voya Financial were worth $7,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP grew its position in shares of Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Voya Financial in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial in the fourth quarter valued at about $33,000. Systematic Financial Management LP purchased a new stake in Voya Financial in the fourth quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after acquiring an additional 475 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Morgan Stanley upped their price target on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods dropped their price objective on shares of 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 began coverage on shares of Voya Financial in a report on Monday, April 20th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Bank of America reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.73.

Voya Financial Trading Up 1.7%

NYSE VOYA opened at $91.02 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.25 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.83 and a beta of 0.92. The company has a 50 day moving average price of $83.58 and a 200 day moving average price of $76.39. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $93.05.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, beating 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 firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Voya Financial, Inc. will post 9.6 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. Voya Financial’s dividend payout ratio is presently 28.40%.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

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.