AXQ Capital LP Acquires 1,312 Shares of Voya Financial, Inc. (NYSE:VOYA)

AXQ Capital LP boosted its holdings in Voya Financial, Inc. (NYSE:VOYA) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,433 shares of the asset manager’s stock after acquiring an additional 1,312 shares during the quarter. AXQ Capital LP’s holdings in Voya Financial were worth $856,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Sei Investments Co. boosted its holdings in shares of Voya Financial by 0.5% in the 4th quarter. Sei Investments Co. now owns 133,745 shares of the asset manager’s stock worth $9,205,000 after purchasing an additional 679 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Voya Financial by 3.8% in the 4th quarter. American Century Companies Inc. now owns 46,855 shares of the asset manager’s stock worth $3,225,000 after purchasing an additional 1,730 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Voya Financial in the 4th quarter worth about $656,000. Northwest & Ethical Investments L.P. boosted its holdings in shares of Voya Financial by 4.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 31,739 shares of the asset manager’s stock worth $2,185,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Algebris UK Ltd purchased a new stake in Voya Financial during the 4th quarter valued at about $6,731,000. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VOYA. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Bank of America reissued a “neutral” rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their price objective on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Barclays downgraded shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Evercore ISI reduced their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.55.

Voya Financial Stock Down 0.9 %

Voya Financial stock opened at $67.77 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The business’s 50-day simple moving average is $70.43 and its two-hundred day simple moving average is $74.47. The company has a market cap of $6.47 billion, a PE ratio of 11.07, a PEG ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30.

Voya Financial (NYSE:VOYA) last issued its earnings results 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 return on equity of 14.10% and a net margin of 8.29%. Equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. Voya Financial’s dividend payout ratio is currently 29.41%.

Voya Financial 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.