Xponance Inc. Decreases Position in Voya Financial, Inc. (NYSE:VOYA)

Xponance Inc. lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,547 shares of the asset manager’s stock after selling 2,657 shares during the quarter. Xponance Inc.’s holdings in Voya Financial were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Crestline Management LP purchased a new stake in Voya Financial during the 4th quarter worth about $1,554,000. Gillson Capital LP acquired a new stake in Voya Financial in the fourth quarter valued at approximately $11,142,000. FORA Capital LLC lifted its stake in Voya Financial by 94.1% in the first quarter. FORA Capital LLC now owns 28,175 shares of the asset manager’s stock worth $2,083,000 after acquiring an additional 13,662 shares during the last quarter. Empowered Funds LLC grew its holdings in Voya Financial by 149.4% during the 1st quarter. Empowered Funds LLC now owns 25,399 shares of the asset manager’s stock worth $1,877,000 after acquiring an additional 15,216 shares in the last quarter. Finally, Capstone Investment Advisors LLC increased its position in shares of Voya Financial by 348.4% in the 1st quarter. Capstone Investment Advisors LLC now owns 17,993 shares of the asset manager’s stock valued at $1,330,000 after purchasing an additional 13,980 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $78.49 on Friday. The firm’s fifty day simple moving average is $71.15 and its 200-day simple moving average is $71.65. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $79.69. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $2.31 EPS. Voya Financial’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.45 earnings per share for the current year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.29%. This is a boost from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 27th. Voya Financial’s dividend payout ratio (DPR) is presently 25.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VOYA shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Voya Financial in a research report on Wednesday, August 7th. Morgan Stanley decreased their price target on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Citigroup increased their price objective on Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Finally, Bank of America upped their price target on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

Voya Financial Profile

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.