Lighthouse Investment Partners LLC Purchases 28,210 Shares of Voya Financial, Inc. $VOYA

Lighthouse Investment Partners LLC raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 16.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 204,836 shares of the asset manager’s stock after purchasing an additional 28,210 shares during the period. Lighthouse Investment Partners LLC’s holdings in Voya Financial were worth $15,322,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Voya Financial in the third quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Voya Financial by 149.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Voya Financial by 5,180.0% during the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after buying an additional 518 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Voya Financial by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after buying an additional 475 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after buying an additional 223 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $66.32 on Monday. The firm has a market cap of $6.15 billion, a PE ratio of 10.54, a PEG ratio of 0.45 and a beta of 0.90. The stock has a 50 day moving average of $73.61 and a 200 day moving average of $73.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $79.99.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data 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). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 EPS. On average, research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s payout ratio is currently 29.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VOYA shares. Evercore decreased their price target on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley dropped their price objective on Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $83.00 to $93.00 in a research report on Thursday, January 8th. Royal Bank Of Canada boosted their price target on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Finally, Wall Street Zen downgraded Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.89.

Voya Financial 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.