7,685 Shares in Voya Financial, Inc. $VOYA Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,685 shares of the asset manager’s stock, valued at approximately $575,000.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake 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 purchasing an additional 977,870 shares during the period. Kelly Financial Group LLC grew its holdings in Voya Financial by 1.9% in the 3rd quarter. Kelly Financial Group LLC now owns 4,072,102 shares of the asset manager’s stock valued at $304,593,000 after buying an additional 77,418 shares in the last quarter. Pzena Investment Management LLC increased its position in Voya Financial by 1.7% during the 2nd quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager’s stock worth $259,949,000 after buying an additional 62,093 shares during the period. Ameriprise Financial Inc. lifted its holdings 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 in the last quarter. Finally, Boston Partners boosted its position in shares of Voya Financial by 70.4% in the second quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock valued at $239,175,000 after acquiring an additional 1,394,321 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VOYA shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Voya Financial in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods lowered 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. Wall Street Zen downgraded Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Wells Fargo & Company lifted their price objective on Voya Financial from $80.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Voya Financial Price Performance

Shares of VOYA stock opened at $76.34 on Tuesday. The business has a fifty day simple moving average of $75.05 and a 200 day simple moving average of $73.96. The company has a market cap of $7.26 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.52 and a beta of 0.89. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 0.41. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $79.99.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.17). Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm posted $1.40 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be given a $0.47 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a yield of 2.5%. Voya Financial’s dividend payout ratio (DPR) is currently 29.89%.

Voya Financial 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.