Magnetar Financial LLC Has $533,000 Stake in Voya Financial, Inc. $VOYA

Magnetar Financial LLC reduced its stake in Voya Financial, Inc. (NYSE:VOYA) by 33.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,509 shares of the asset manager’s stock after selling 3,812 shares during the period. Magnetar Financial LLC’s holdings in Voya Financial were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in Voya Financial by 225.6% in the 2nd quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 300 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Voya Financial by 149.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock worth $34,000 after buying an additional 288 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Voya Financial in the 1st quarter valued at $47,000. Geneos Wealth Management Inc. boosted its holdings 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 valued at $49,000 after acquiring an additional 223 shares in the last quarter. Finally, Quarry LP grew its position in Voya Financial by 205.7% during the 1st quarter. Quarry LP now owns 1,651 shares of the asset manager’s stock worth $112,000 after acquiring an additional 1,111 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Shares of VOYA opened at $70.05 on Tuesday. The firm’s fifty day simple moving average is $73.38 and its two-hundred day simple moving average is $71.87. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $83.58. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $6.67 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.50 and a beta of 0.99.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Voya Financial had a return on equity of 13.89% and a net margin of 7.55%.The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $2.12 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Wednesday, November 26th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.7%. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. Voya Financial’s dividend payout ratio (DPR) is presently 30.93%.

Wall Street Analysts Forecast Growth

VOYA has been the topic of a number of recent research reports. Evercore ISI lifted their price target on Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods reduced their target price on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Wells Fargo & Company dropped their price target on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Voya Financial in a report on Wednesday, November 19th. Finally, Wall Street Zen downgraded Voya Financial from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.30.

About Voya Financial

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.