24,152 Shares in Voya Financial, Inc. (NYSE:VOYA) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,152 shares of the asset manager’s stock, valued at approximately $1,913,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arjuna Capital grew its stake in shares of Voya Financial by 0.8% during the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock valued at $1,401,000 after buying an additional 161 shares during the period. US Bancorp DE grew its position in Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after acquiring an additional 202 shares during the period. First Trust Direct Indexing L.P. increased its stake in Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after acquiring an additional 210 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Voya Financial by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley reduced their price target on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Bank of America upped their price target on shares of Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler increased their price target on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. downgraded Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Insider Activity

In related news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company’s stock.

Voya Financial Trading Up 0.6 %

VOYA opened at $82.93 on Friday. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $7.98 billion, a PE ratio of 13.21, a P/E/G ratio of 0.58 and a beta of 1.03. The firm’s fifty day moving average price is $80.42 and its 200 day moving average price is $74.69.

Voya Financial (NYSE:VOYA) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.07 EPS. As a group, research analysts expect that Voya Financial, Inc. will post 8.4 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. Voya Financial’s payout ratio is 28.66%.

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.