Lecap Asset Management Ltd. Invests $667,000 in Voya Financial, Inc. $VOYA

by · The Cerbat Gem

Lecap Asset Management Ltd. bought a new stake in Voya Financial, Inc. (NYSE:VOYA – Free Report) during the 4th quarter, HoldingsChannel reports. The fund bought 8,957 shares of the asset manager’s stock, valued at approximately $667,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VOYA. Root Financial Partners LLC purchased a new stake in Voya Financial in the 3rd quarter valued at approximately $26,000. Allworth Financial LP raised its stake in shares of Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Voya Financial during the 4th quarter worth approximately $33,000. Rothschild Investment LLC lifted its holdings in shares of Voya Financial by 5,180.0% in the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after buying an additional 518 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Voya Financial by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after buying an additional 475 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on VOYA shares. Royal Bank Of Canada upped their price objective on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Weiss Ratings downgraded Voya Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Keefe, Bruyette & Woods decreased their target price on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. UBS Group lowered their price target on shares of Voya Financial from $90.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, Evercore cut their price target on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and a consensus price target of $83.89.

View Our Latest Report on VOYA

Voya Financial Stock Performance

VOYA opened at $74.44 on Monday. The stock’s 50 day simple moving average is $69.97 and its 200 day simple moving average is $72.45. The stock has a market cap of $6.88 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.50 and a beta of 0.86. Voya Financial, Inc. has a 1-year low of $54.48 and a 1-year high of $79.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA – Get Free Report) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 earnings per share. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, February 25th. Voya Financial’s payout ratio is 29.89%.

Voya Financial Company Profile

(Free Report)

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.

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