Holocene Advisors LP Has $7.70 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Holocene Advisors LP boosted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 31.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,254 shares of the asset manager’s stock after buying an additional 22,995 shares during the quarter. Holocene Advisors LP owned approximately 0.10% of Voya Financial worth $7,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. M&G Plc raised its stake in Voya Financial by 18.6% in the 2nd quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock valued at $8,357,000 after acquiring an additional 18,471 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock worth $1,657,000 after buying an additional 20,788 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after buying an additional 38,438 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Voya Financial in the 3rd quarter valued at about $597,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 0.5 %

Shares of Voya Financial stock opened at $82.54 on Wednesday. The firm has a market cap of $7.94 billion, a PE ratio of 13.14, a P/E/G ratio of 0.58 and a beta of 1.02. The stock has a fifty day moving average price of $80.87 and a 200-day moving average price of $74.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. Voya Financial’s revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.18%. Voya Financial’s dividend payout ratio is currently 28.66%.

Insider Buying and Selling

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley lowered their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Raymond James cut shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Bank of America raised their price target on shares of Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.00.

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.