Voya Financial, Inc. $VOYA Shares Newly Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,516 shares of the asset manager’s stock, valued at approximately $899,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in Voya Financial by 5.6% in the 3rd quarter. Signaturefd LLC now owns 2,351 shares of the asset manager’s stock worth $222,000 after buying an additional 124 shares during the period. Sterling Capital Management LLC grew its position in shares of Voya Financial by 84.6% in the 3rd quarter. Sterling Capital Management LLC now owns 5,122 shares of the asset manager’s stock worth $484,000 after buying an additional 2,347 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Voya Financial during the third quarter valued at approximately $70,000. Vest Financial LLC increased its stake in shares of Voya Financial by 41.1% during the third quarter. Vest Financial LLC now owns 73,163 shares of the asset manager’s stock valued at $6,912,000 after buying an additional 21,310 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Voya Financial by 21.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,400 shares of the asset manager’s stock valued at $227,000 after buying an additional 427 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA stock opened at $96.56 on Thursday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.97 and a beta of 0.90. The business’s fifty day moving average is $98.50 and its 200 day moving average is $86.00. Voya Financial, Inc. has a twelve month low of $64.50 and a twelve month high of $105.64. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 EPS. Research analysts expect that Voya Financial, Inc. will post 9.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VOYA shares. Royal Bank Of Canada raised their price target on Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. TD Cowen lifted their price target on shares of Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. UBS Group boosted their price objective on shares of Voya Financial from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Evercore restated an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a report on Friday, August 7th. Finally, Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.69.

View Our Latest Research Report on Voya Financial

About Voya Financial

(Free Report)

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.

See Also

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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