Dockside LLC Takes Position in Voya Financial, Inc. $VOYA

Dockside LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,307 shares of the asset manager’s stock, valued at approximately $1,114,000.

Several other large investors also recently modified their holdings of the company. Quantinno Capital Management LP increased its position in shares of Voya Financial by 6.8% during the 1st quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock valued at $16,229,000 after purchasing an additional 15,186 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Voya Financial by 4,892.7% in the first quarter. Fifth Third Bancorp now owns 63,058 shares of the asset manager’s stock worth $4,308,000 after buying an additional 61,795 shares during the last quarter. Impax Asset Management Group plc grew its position in Voya Financial by 11.4% during the fourth quarter. Impax Asset Management Group plc now owns 203,101 shares of the asset manager’s stock valued at $15,129,000 after buying an additional 20,722 shares during the period. Ruffer LLP bought a new stake in Voya Financial during the fourth quarter valued at approximately $3,153,000. Finally, Bessemer Group Inc. increased its holdings in Voya Financial by 37.6% during the first quarter. Bessemer Group Inc. now owns 84,340 shares of the asset manager’s stock valued at $5,764,000 after buying an additional 23,032 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Atlantic Securities set a $79.00 target price on Voya Financial in a report on Wednesday, July 15th. Barclays lifted their target price on Voya Financial from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings cut Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Evercore reaffirmed an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.54.

Voya Financial Trading Up 0.3%

Shares of VOYA stock opened at $101.42 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a fifty day simple moving average of $95.82 and a two-hundred day simple moving average of $81.95. The firm has a market capitalization of $9.19 billion, a PE ratio of 17.10, a PEG ratio of 0.97 and a beta of 0.89. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $103.85.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. Voya Financial’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 earnings per share. On average, analysts predict that Voya Financial, Inc. will post 9.3 EPS for the current fiscal year.

Voya Financial Dividend Announcement

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

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial 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 sale, the insider directly owned 2,887 shares in the company, valued at approximately $259,830. The trade was a 58.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

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.