Prana Capital Management LP Purchases New Holdings in Voya Financial, Inc. $VOYA

Prana Capital Management LP purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,809 shares of the asset manager’s stock, valued at approximately $2,454,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of Voya Financial in the 3rd quarter valued at approximately $26,000. Rothschild Investment LLC increased its holdings in Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after buying an additional 518 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after acquiring an additional 475 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in Voya Financial in the third quarter valued at $42,000. Finally, Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 223 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 1.2%

Shares of NYSE:VOYA opened at $68.47 on Wednesday. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $79.99. The business has a 50 day moving average of $73.23 and a 200-day moving average of $73.56. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. The stock has a market cap of $6.35 billion, a PE ratio of 10.89, a P/E/G ratio of 0.46 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The firm had revenue of $2.01 billion for 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%.Voya Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. As a group, equities research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.7%. Voya Financial’s dividend payout ratio (DPR) is currently 29.89%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Royal Bank Of Canada raised their target price on shares of Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Wells Fargo & Company dropped their price objective on Voya Financial from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Finally, Barclays raised Voya Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.89.

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.