Stevens Capital Management LP Invests $207,000 in Voya Financial, Inc. (NYSE:VOYA)

Stevens Capital Management LP purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,013 shares of the asset manager’s stock, valued at approximately $207,000.

A number of other large investors have also recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of Voya Financial during the third quarter worth about $322,000. Advisors Asset Management Inc. raised its stake in Voya Financial by 52.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,580 shares of the asset manager’s stock valued at $917,000 after acquiring an additional 3,970 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in Voya Financial by 15.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 28,609 shares of the asset manager’s stock worth $2,266,000 after acquiring an additional 3,782 shares during the period. Algert Global LLC grew its stake in shares of Voya Financial by 5.5% in the 3rd quarter. Algert Global LLC now owns 42,473 shares of the asset manager’s stock valued at $3,365,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Voya Financial in the third quarter valued at approximately $1,201,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VOYA. JPMorgan Chase & Co. cut their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $76.00 to $87.00 in a report on Friday, February 28th. Royal Bank of Canada dropped their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Bank of America reissued a “neutral” rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.55.

Voya Financial Stock Up 1.7 %

Voya Financial stock opened at $69.06 on Tuesday. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The stock’s fifty day moving average is $70.46 and its two-hundred day moving average is $74.51.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. Voya Financial’s dividend payout ratio is currently 29.41%.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.