Interval Partners LP Boosts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Interval Partners LP lifted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 78.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,466 shares of the asset manager’s stock after buying an additional 47,951 shares during the quarter. Interval Partners LP owned approximately 0.11% of Voya Financial worth $7,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VOYA. FMR LLC lifted its holdings in Voya Financial by 1,589.9% during the first quarter. FMR LLC now owns 1,936,236 shares of the asset manager’s stock valued at $138,363,000 after purchasing an additional 1,821,662 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Voya Financial by 28.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,276,778 shares of the asset manager’s stock valued at $448,539,000 after buying an additional 1,406,021 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Voya Financial by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 7,950,530 shares of the asset manager’s stock worth $568,145,000 after buying an additional 1,097,487 shares during the last quarter. Norges Bank purchased a new stake in Voya Financial during the 4th quarter worth approximately $62,259,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Voya Financial during the first quarter valued at approximately $43,162,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on VOYA shares. Morgan Stanley boosted their price target on Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Voya Financial in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Piper Sandler dropped their price objective on shares of Voya Financial from $84.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. Citigroup increased their price objective on shares of Voya Financial from $85.00 to $86.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Wells Fargo & Company upped their price target on Voya Financial from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $83.22.

Voya Financial Trading Up 0.8 %

VOYA traded up $0.55 during trading hours on Friday, reaching $67.78. The company’s stock had a trading volume of 502,544 shares, compared to its average volume of 595,132. The stock has a market cap of $7.17 billion, a PE ratio of 12.04, a P/E/G ratio of 0.54 and a beta of 1.16. Voya Financial, Inc. has a fifty-two week low of $58.63 and a fifty-two week high of $78.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. The business’s 50-day moving average is $72.05 and its 200-day moving average is $71.61.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 1st. The asset manager reported $2.31 EPS for the quarter, beating the consensus estimate of $2.05 by $0.26. The business had revenue of $347.00 million for the quarter, compared to analyst estimates of $319.09 million. Voya Financial had a return on equity of 16.61% and a net margin of 10.53%. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.32 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Monday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 25th. This is a boost from Voya Financial’s previous quarterly dividend of $0.20. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.36%. Voya Financial’s dividend payout ratio (DPR) is currently 28.42%.

Insider Activity

In related news, Director Yvette S. Butler sold 2,074 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $72.93, for a total transaction of $151,256.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.44% of the company’s stock.

About Voya Financial

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.