Voya Financial Inc (VOYA) Short Interest Up 64.4% in December

Voya Financial Inc (NYSE:VOYA) was the target of a large increase in short interest in the month of December. As of December 29th, there was short interest totalling 19,969,394 shares, an increase of 64.4% from the December 15th total of 12,144,466 shares. Based on an average trading volume of 2,352,682 shares, the short-interest ratio is presently 8.5 days. Approximately 11.1% of the shares of the company are short sold.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Voya Financial by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 15,350,277 shares of the asset manager’s stock worth $566,271,000 after purchasing an additional 125,764 shares during the last quarter. BlackRock Inc. grew its stake in shares of Voya Financial by 2.5% in the 2nd quarter. BlackRock Inc. now owns 10,921,195 shares of the asset manager’s stock worth $402,882,000 after purchasing an additional 269,982 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Voya Financial by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock worth $256,727,000 after purchasing an additional 323,678 shares during the last quarter. State Street Corp grew its stake in shares of Voya Financial by 1.0% in the 2nd quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock worth $207,554,000 after purchasing an additional 56,189 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Voya Financial by 33.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock worth $124,051,000 after purchasing an additional 837,925 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial (NYSE VOYA) opened at $54.16 on Monday. The company has a market cap of $9,740.00, a PE ratio of -30.43, a price-to-earnings-growth ratio of 0.68 and a beta of 1.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14. Voya Financial has a 52 week low of $33.53 and a 52 week high of $54.63.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). The company had revenue of $226.50 million for the quarter, compared to analyst estimates of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same period in the previous year, the business posted ($1.24) EPS. equities research analysts forecast that Voya Financial will post 2.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.07%. Voya Financial’s payout ratio is -2.25%.

A number of research firms recently weighed in on VOYA. BTIG Research reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Voya Financial in a report on Tuesday, January 2nd. Sandler O’Neill raised shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Monday, November 13th. BidaskClub raised shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Goldman Sachs Group began coverage on shares of Voya Financial in a report on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Voya Financial in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $52.18.

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Voya Financial Company Profile

Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.

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