Twin Focus Capital Partners LLC Takes Position in Voya Financial, Inc. $VOYA

Twin Focus Capital Partners LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,755 shares of the asset manager’s stock, valued at approximately $655,000.

A number of other large investors have also recently made changes to their positions in VOYA. Dimensional Fund Advisors LP increased its position in shares of Voya Financial by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock valued at $181,901,000 after acquiring an additional 43,513 shares during the period. Cresset Asset Management LLC grew its stake in Voya Financial by 9.3% during the 3rd quarter. Cresset Asset Management LLC now owns 26,720 shares of the asset manager’s stock valued at $1,999,000 after purchasing an additional 2,284 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Voya Financial by 23.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 191,072 shares of the asset manager’s stock valued at $14,293,000 after purchasing an additional 35,800 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in shares of Voya Financial by 40.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 24,596 shares of the asset manager’s stock valued at $1,840,000 after purchasing an additional 7,115 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Voya Financial in the third quarter worth about $85,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VOYA has been the topic of several research reports. Royal Bank Of Canada increased their price target on shares of Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Keefe, Bruyette & Woods dropped their price objective 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. UBS Group set a $90.00 target price on shares of Voya Financial in a report on Wednesday, February 4th. Wells Fargo & Company decreased their target price on shares of Voya Financial from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Finally, Morgan Stanley cut their price target on Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a research report on Tuesday. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.89.

Voya Financial Stock Up 4.1%

VOYA opened at $70.39 on Thursday. The company has a fifty day moving average of $74.70 and a two-hundred day moving average of $74.07. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.45 and a beta of 0.90. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $79.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27.

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

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders 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 dividend yield of 2.7%. Voya Financial’s payout ratio is 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.