Quantitative Systematic Strategies LLC boosted its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 27.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,812 shares of the asset manager’s stock after buying an additional 10,384 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Voya Financial were worth $2,439,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of VOYA. Raymond James Trust N.A. purchased a new stake in Voya Financial during the first quarter valued at about $277,000. Scout Investments Inc. raised its position in Voya Financial by 94.9% during the first quarter. Scout Investments Inc. now owns 2,336,388 shares of the asset manager’s stock valued at $116,726,000 after purchasing an additional 1,137,895 shares in the last quarter. Round Table Services LLC purchased a new stake in Voya Financial during the first quarter valued at about $290,000. DNB Asset Management AS raised its position in Voya Financial by 147.5% during the first quarter. DNB Asset Management AS now owns 42,228 shares of the asset manager’s stock valued at $2,110,000 after purchasing an additional 25,164 shares in the last quarter. Finally, We Are One Seven LLC raised its position in Voya Financial by 479,079.2% during the first quarter. We Are One Seven LLC now owns 115,003 shares of the asset manager’s stock valued at $116,000 after purchasing an additional 114,979 shares in the last quarter.
Shares of VOYA traded down $0.13 during trading hours on Monday, hitting $54.27. The company had a trading volume of 1,296,016 shares, compared to its average volume of 1,442,710. The company has a market cap of $8.05 billion, a P/E ratio of 13.49 and a beta of 1.46. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.55. Voya Financial Inc has a 52-week low of $36.66 and a 52-week high of $55.27.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, February 28th were issued a $0.01 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. Voya Financial’s dividend payout ratio is currently 0.99%.
A number of equities research analysts have weighed in on the company. TheStreet upgraded Voya Financial from a “c+” rating to a “b-” rating in a research report on Friday, April 5th. Credit Suisse Group restated an “outperform” rating and set a $66.00 price target (up previously from $59.00) on shares of Voya Financial in a research report on Tuesday, March 26th. ValuEngine upgraded Voya Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Goldman Sachs Group upgraded Voya Financial from a “neutral” rating to a “buy” rating and lowered their price target for the company from $60.00 to $54.00 in a research report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on Voya Financial from $53.00 to $52.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.38.
In other Voya Financial news, Director Joseph V. Tripodi bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were bought at an average cost of $49.45 per share, with a total value of $74,175.00. Following the completion of the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at $173,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chetlur S. Ragavan sold 1,853 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $49.98, for a total value of $92,612.94. Following the completion of the sale, the insider now directly owns 37,452 shares in the company, valued at $1,871,850.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,049 shares of company stock worth $2,534,263. Company insiders own 0.36% of the company’s stock.
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About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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