Quest Partners LLC Invests $322,000 in Voya Financial, Inc. (NYSE:VOYA)

Quest Partners LLC acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 4,070 shares of the asset manager’s stock, valued at approximately $322,000.

Several other large investors have also modified their holdings of the stock. Boston Partners lifted its holdings in shares of Voya Financial by 83.8% during the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after acquiring an additional 1,151,822 shares during the period. Price T Rowe Associates Inc. MD increased its position in Voya Financial by 1,020.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after purchasing an additional 2,156,773 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after purchasing an additional 248,795 shares in the last quarter. AQR Capital Management LLC increased its position in Voya Financial by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after purchasing an additional 148,810 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Voya Financial by 7.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 562,355 shares of the asset manager’s stock worth $40,011,000 after purchasing an additional 37,760 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Piper Sandler increased their target price on shares of Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Thursday, October 3rd. Morgan Stanley dropped their target price on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Finally, Evercore ISI increased their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Voya Financial Stock Performance

Voya Financial stock opened at $82.91 on Tuesday. The stock has a market cap of $7.98 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $80.06 and a 200-day moving average of $74.50. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.07 EPS. On average, analysts expect that Voya Financial, Inc. will post 8.4 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.66%.

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.