Algebris UK Ltd. Has $49.24 Million Position in Voya Financial, Inc. $VOYA

Algebris UK Ltd. boosted its position in Voya Financial, Inc. (NYSE:VOYA) by 17.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 660,743 shares of the asset manager’s stock after buying an additional 99,122 shares during the quarter. Voya Financial comprises approximately 2.3% of Algebris UK Ltd.’s investment portfolio, making the stock its 7th largest position. Algebris UK Ltd.’s holdings in Voya Financial were worth $49,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VOYA. Root Financial Partners LLC bought a new position in Voya Financial in the third quarter worth $26,000. Allworth Financial LP raised its holdings in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Voya Financial in the fourth quarter worth $33,000. Rothschild Investment LLC raised its holdings in Voya Financial by 5,180.0% in the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after purchasing an additional 518 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after purchasing an additional 475 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VOYA shares. Morgan Stanley decreased their price objective on Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Wells Fargo & Company raised their price target on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Bank of America reduced their price target on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Barclays raised their price target on Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price target on Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $87.80.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $82.30 on Thursday. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $84.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day moving average price of $73.50 and a 200-day moving average price of $73.39. The company has a market capitalization of $7.46 billion, a PE ratio of 12.43, a PEG ratio of 0.72 and a beta of 0.94.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $2.00 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Voya Financial, Inc. will post 9.65 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.40%.

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.