Highbridge Capital Management LLC Acquires 191,975 Shares of Voya Financial, Inc. (VOYA)
Highbridge Capital Management LLC increased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 87.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410,500 shares of the asset manager’s stock after acquiring an additional 191,975 shares during the quarter. Highbridge Capital Management LLC owned 0.23% of Voya Financial worth $16,375,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after acquiring an additional 199 shares during the period. Reliance Trust Co. of Delaware acquired a new position in Voya Financial in the 3rd quarter valued at approximately $215,000. TLP Group LLC acquired a new position in Voya Financial in the 2nd quarter valued at approximately $262,000. Stephens Inc. AR acquired a new position in Voya Financial in the 3rd quarter valued at approximately $273,000. Finally, Private Advisor Group LLC acquired a new position in Voya Financial in the 3rd quarter valued at approximately $274,000. Institutional investors and hedge funds own 96.91% of the company’s stock.
Voya Financial, Inc. (NYSE VOYA) traded up $1.99 during mid-day trading on Monday, reaching $46.15. 4,819,800 shares of the company’s stock traded hands, compared to its average volume of 1,530,329. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $8,295.32, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.65. Voya Financial, Inc. has a 12 month low of $33.53 and a 12 month high of $46.35.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date is Wednesday, November 29th. Voya Financial’s dividend payout ratio is -2.23%.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Sandler O’Neill upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Goldman Sachs Group assumed coverage on shares of Voya Financial in a research note on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a research note on Friday. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of Voya Financial in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Voya Financial has a consensus rating of “Buy” and a consensus target price of $47.70.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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