Jupiter Topco LLC Takes $3.86 Million Position in Voya Financial, Inc. $VOYA

Jupiter Topco LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 42,657 shares of the asset manager’s stock, valued at approximately $3,864,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its position in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Danske Bank A S acquired a new stake in Voya Financial in the second quarter worth $27,000. Atlas Capital Advisors Inc. acquired a new stake in Voya Financial in the fourth quarter worth $28,000. Systematic Financial Management LP bought a new stake in Voya Financial in the fourth quarter valued at $37,000. Finally, Root Financial Partners LLC lifted its stake in Voya Financial by 59.6% in the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock valued at $39,000 after buying an additional 214 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

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 dated Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by corporate insiders.

Voya Financial Trading Down 0.1%

Shares of VOYA stock opened at $101.22 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $103.85. The stock has a fifty day moving average of $98.12 and a two-hundred day moving average of $84.06. The firm has a market capitalization of $9.17 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (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 the consensus estimate of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. As a group, research analysts expect that Voya Financial, Inc. will post 9.25 EPS for the current year.

Voya Financial Announces Dividend

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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio is currently 31.70%.

Analyst Upgrades and Downgrades

VOYA has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Wells Fargo & Company lifted their price objective on shares of Voya Financial from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Morgan Stanley boosted their target price on shares of Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Jefferies Financial Group upped their target price on shares of Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Finally, UBS Group raised their price target on shares of Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.85.

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.