Four Tree Island Advisory LLC Invests $3.16 Million in Voya Financial, Inc. $VOYA

Four Tree Island Advisory LLC bought a new position in Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,916 shares of the asset manager’s stock, valued at approximately $3,161,000. Voya Financial comprises 1.0% of Four Tree Island Advisory LLC’s portfolio, making the stock its 14th largest holding.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Voya Financial during the 2nd quarter valued at about $850,187,000. Bank of New York Mellon Corp purchased a new stake in shares of Voya Financial in the second quarter worth approximately $520,280,000. Wellington Management Group LLP lifted its holdings in shares of Voya Financial by 5.4% in the fourth quarter. Wellington Management Group LLP now owns 4,492,908 shares of the asset manager’s stock valued at $334,677,000 after purchasing an additional 230,877 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Voya Financial by 1.3% in the first quarter. Pzena Investment Management LLC now owns 3,673,118 shares of the asset manager’s stock valued at $250,947,000 after purchasing an additional 46,906 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Voya Financial by 1.8% during the fourth quarter. Boston Partners now owns 3,557,281 shares of the asset manager’s stock valued at $265,363,000 after buying an additional 61,962 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Insiders Place Their Bets

In related news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares in the company, valued at approximately $259,830. This represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VOYA. UBS Group upped their price target on Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Morgan Stanley raised their price objective on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Atlantic Securities set a $79.00 target price on shares of Voya Financial in a report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on shares of Voya Financial from $109.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings cut shares of Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.54.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $100.22 on Wednesday. The business’s fifty day simple moving average is $96.29 and its 200 day simple moving average is $82.34. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $103.85. The firm has a market capitalization of $9.08 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company earned $1.66 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts anticipate that Voya Financial, Inc. will post 9.27 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 annualized dividend and a yield of 1.9%. Voya Financial’s dividend payout ratio is presently 31.70%.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.