Lecap Asset Management Ltd. Invests $213,000 in Voya Financial, Inc. (NYSE:VOYA)

Lecap Asset Management Ltd. bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,918 shares of the asset manager’s stock, valued at approximately $213,000.

Several other hedge funds also recently bought and sold shares of VOYA. Chilton Capital Management LLC bought a new stake in Voya Financial in the 4th quarter valued at $26,000. Atlas Capital Advisors LLC increased its holdings in shares of Voya Financial by 48.4% in the fourth quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after purchasing an additional 136 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Voya Financial in the third quarter worth about $33,000. Sunbelt Securities Inc. bought a new position in Voya Financial during the first quarter valued at approximately $35,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Voya Financial during the 1st quarter valued at approximately $36,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 1.2 %

NYSE:VOYA opened at $67.51 on Tuesday. The firm has a 50 day moving average of $69.85 and a 200 day moving average of $70.18. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. Voya Financial, Inc. has a 52 week low of $63.02 and a 52 week high of $77.78. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.46 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $304.66 million. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 8.43 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, February 26th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Friday, February 23rd. Voya Financial’s dividend payout ratio (DPR) is 29.47%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com upgraded Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Wells Fargo & Company lifted their price objective on shares of Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler increased their price target on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, April 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $82.00 price objective on shares of Voya Financial in a research note on Monday, January 8th. Finally, Evercore ISI raised their price target on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.50.

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.