Transcend Capital Advisors LLC invests $325,000 in Voya Financial, Inc. (NYSE:VOYA)

Financial Advisors


Transcend Capital Advisors LLC acquired a new position in Voya Financial, Inc. (NYSE: VOYA – Get Rating) in the first quarter, according to the company’s latest Form 13F filing with the SEC. The fund purchased 4,554 shares of the asset manager, worth about $325,000.

Many other hedge funds also trade VOYA shares. American Century Companies Inc. increased his position in Voya Financial by 73.0% in the first quarter. American Century Companies Inc. purchased an additional 13,861 shares during the last quarter and now owns 32,836 shares of the asset manager, valued at $2,179,000. HighTower Advisors LLC increased his stake in Voya Financial shares by 6.5% during the first quarter. Hightower Advisors LLC purchased an additional 243 shares during the period and now owns 3,960 shares of the asset manager at a value of $262,000. PNC Financial Services Group Inc. increased its stake in Voya Financial by 41.0% in the first quarter. PNC Financial Services Group Inc. purchased an additional 1,270 shares during the period and now owns 4,368 shares of the asset manager at a value of $290,000. Natixis Advisors LP increased its stake in Voya Financial shares by 18.9% in the first quarter. After purchasing an additional 4,469 shares during the period, Natixis Advisors LP now owns 28,056 shares of the asset manager, valued at $1,862,000. Finally, DA Davidson & CO. bought a new stake in his Voya Financial in the first quarter worth about $226,000.

Voya Financial Trading down 0.7%

VOYA shares opened Friday at $69.59. Voya Financial, Inc. hit a one-year low of $56.20 and a one-year high of $78.11. The company has a debt to equity ratio of 0.62, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $6.84 billion, a price-to-earnings multiple of 14.53, a PEG ratio of 0.63 and a beta of 1.16. His 50-day simple moving average for this company is $71.74 and his 200-day simple moving average is $69.66.

Voya Financial (NYSE:VOYA – Get Rating) last reported quarterly results on Tuesday, May 2nd. The asset manager reported earnings per share of $1.69 for the quarter, short of consensus expectations of $1.72 ($0.03). Voya Financial’s return on equity was 14.77% and net profit margin was 9.58%. The business reported revenue of $1.84 billion for the quarter, compared to consensus expectations of $288.1 million. The company’s earnings per share in the same period last year were $1.47. A research analyst expects Voya Financial, Inc.’s EPS to be 8.09 for the current financial year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend payable on Wednesday, June 28. Shareholders of record on Friday, May 26 will be paid his $0.20 dividend. The ex-dividend date for this dividend will be Thursday, May 25. This equates to an annualized dividend of $0.80 and a yield of 1.15%. Voya Financial’s dividend payout ratio is 16.70%.

Wall Street analysts forecast growth

Many equity research analysts publish reports on the VOYA stock. Wells Fargo & Company lowered its price target on Boya Financial from $89.00 to $86.00 in a research note on Wednesday, April 5, setting the company’s rating to “overweight.” StockNews.com began covering Voya Financial in a research note on Thursday, May 18th. They set a “Hold” rating on the company. Finally, in a research note on Thursday, May 4, Trust Financial lowered Voya Financial’s price target from $80.00 to $75.00. Three equity research analysts gave the company a hold rating, seven bought it, and one gave a strong buy rating. Based on MarketBeat data, Voya Financial has a consensus rating of “moderate buy” and a consensus price target of $82.73.

About Voya Financial

(get rating)

Voya Financial, Inc is a retirement, investment and insurance company engaged in the provision of financial services. It operates in Retirement, Investment Management and Employee Benefits divisions. The Retirement segment provides tax-deferred, employer-sponsored retirement savings plans and managed services.

Related item

Quarterly Institutional Ownership of Voya Financial (NYSE:VOYA)

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