Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Voya Financial Inc (NYSE:VOYA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 123,598 shares of the asset manager’s stock, valued at approximately $5,809,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Voya Financial by 46.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 983 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Voya Financial by 66.0% during the first quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 1,007 shares during the period. Tillar Wenstrup Advisors LLC raised its holdings in shares of Voya Financial by 1.4% in the 1st quarter. Tillar Wenstrup Advisors LLC now owns 76,338 shares of the asset manager’s stock worth $3,855,000 after acquiring an additional 1,035 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Voya Financial by 12.0% in the 1st quarter. Toronto Dominion Bank now owns 12,304 shares of the asset manager’s stock worth $621,000 after acquiring an additional 1,314 shares during the last quarter. Finally, Gideon Capital Advisors Inc. raised its holdings in shares of Voya Financial by 36.4% in the 2nd quarter. Gideon Capital Advisors Inc. now owns 5,761 shares of the asset manager’s stock worth $271,000 after acquiring an additional 1,537 shares during the last quarter.

VOYA opened at $49.39 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.59. Voya Financial Inc has a fifty-two week low of $37.38 and a fifty-two week high of $55.27. The stock has a market capitalization of $7.73 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41.

Voya Financial (NYSE:VOYA) last posted its earnings results on Wednesday, August 1st. The asset manager reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.04. Voya Financial had a negative net margin of 27.27% and a positive return on equity of 5.07%. The company had revenue of $238.00 million for the quarter, compared to analyst estimates of $302.38 million. During the same quarter in the prior year, the business posted $0.89 EPS. equities analysts forecast that Voya Financial Inc will post 4.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, August 31st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date is Thursday, August 30th. Voya Financial’s payout ratio is 1.33%.

VOYA has been the topic of a number of analyst reports. Wells Fargo & Co restated a “buy” rating and issued a $64.00 target price on shares of Voya Financial in a report on Monday, June 4th. Barclays initiated coverage on shares of Voya Financial in a report on Friday, June 8th. They issued an “equal weight” rating and a $55.00 target price on the stock. Goldman Sachs Group initiated coverage on shares of Voya Financial in a report on Wednesday, June 20th. They issued a “neutral” rating and a $60.00 target price on the stock. ValuEngine lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Finally, Credit Suisse Group upped their target price on shares of Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, August 17th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $59.46.

About Voya Financial

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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