Caprock Group LLC Purchases New Position in Voya Financial, Inc. $VOYA

Caprock Group LLC purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 7,464 shares of the asset manager’s stock, valued at approximately $566,000.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at $26,000. IFP Advisors Inc lifted its position in Voya Financial by 225.6% in the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 300 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Voya Financial by 149.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 475 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.2%

VOYA opened at $74.35 on Wednesday. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $79.99. The business has a 50 day moving average price of $75.58 and a two-hundred day moving average price of $74.17. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 0.41. The company has a market cap of $7.08 billion, a PE ratio of 11.82, a P/E/G ratio of 0.50 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th. Voya Financial’s payout ratio is currently 29.89%.

Analysts Set New Price Targets

A number of research firms have recently commented on VOYA. Keefe, Bruyette & Woods cut their target price on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a research note on Monday, December 29th. Wells Fargo & Company boosted their price objective on Voya Financial from $80.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating on shares of Voya Financial in a report on Thursday, January 22nd. Finally, UBS Group set a $90.00 target price on shares of Voya Financial in a research report on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Voya Financial Company Profile

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.