Ruffer LLP Takes Position in Voya Financial, Inc. $VOYA

Ruffer LLP purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,265 shares of the asset manager’s stock, valued at approximately $3,153,000.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Voya Financial by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock worth $487,463,000 after buying an additional 977,870 shares during the period. Wellington Management Group LLP increased its position in shares of Voya Financial by 11.6% during the third quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock worth $318,800,000 after buying an additional 444,059 shares during the period. Kelly Financial Group LLC increased its position in shares of Voya Financial by 1.9% during the third quarter. Kelly Financial Group LLC now owns 4,072,102 shares of the asset manager’s stock worth $304,593,000 after buying an additional 77,418 shares during the period. Boston Partners increased its position in shares of Voya Financial by 3.6% during the third quarter. Boston Partners now owns 3,495,319 shares of the asset manager’s stock worth $261,436,000 after buying an additional 121,799 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Voya Financial by 6.8% during the second quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock worth $242,716,000 after buying an additional 219,130 shares during the period. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VOYA shares. Barclays decreased their price objective on shares of Voya Financial from $92.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings cut shares of Voya Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Evercore reduced their price target on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. TD Cowen assumed coverage on shares of Voya Financial in a report on Monday. They issued a “buy” rating and a $100.00 price target for the company. Finally, Wall Street Zen cut shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.50.

Voya Financial Stock Down 0.8%

Voya Financial stock opened at $74.88 on Wednesday. Voya Financial, Inc. has a 1-year low of $55.68 and a 1-year high of $79.99. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.50 and a beta of 0.86. The firm’s fifty day moving average price is $69.91 and its two-hundred day moving average price is $72.45. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $1.40 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts predict that Voya Financial, Inc. will post 9.8 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.88 annualized dividend and a yield of 2.5%. Voya Financial’s payout ratio is currently 29.89%.

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.