Sculptor Capital LP acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 334,000 shares of the asset manager’s stock, valued at approximately $30,237,000. Sculptor Capital LP owned approximately 0.37% of Voya Financial as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in VOYA. Royal Bank of Canada boosted its stake in Voya Financial by 21.7% in the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock worth $5,741,000 after purchasing an additional 15,091 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Voya Financial by 8.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after purchasing an additional 51,376 shares during the period. Empowered Funds LLC raised its stake in shares of Voya Financial by 13.5% in the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after purchasing an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Voya Financial by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after purchasing an additional 6,127 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.
Voya Financial Price Performance
Shares of NYSE VOYA opened at $100.61 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50-day moving average of $97.08 and a 200-day moving average of $83.14. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 0.95 and a beta of 0.89. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $103.85.
Voya Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. Voya Financial’s payout ratio is 31.70%.
Insider Activity
In other news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. This represents a 58.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
VOYA has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price objective on Voya Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Jefferies Financial Group boosted their target price on Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, July 10th. UBS Group upped their price target on Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. TD Cowen raised their price target on shares of Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Atlantic Securities set a $79.00 price objective on shares of Voya Financial in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.85.
Check Out Our Latest Stock Analysis on VOYA
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.
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