Oxford Asset Management LLP Invests $290,000 in Voya Financial, Inc. (NYSE:VOYA)

by · The Cerbat Gem

Oxford Asset Management LLP acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,215 shares of the asset manager’s stock, valued at approximately $290,000.

Several other large investors also recently made changes to their positions in the stock. Wealthspire Advisors LLC increased its position in shares of Voya Financial by 5.3% during the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after acquiring an additional 169 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after acquiring an additional 177 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after acquiring an additional 183 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VOYA. Bank of America reaffirmed an “underperform” rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays decreased their target price on shares of Voya Financial from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Morgan Stanley raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Voya Financial has an average rating of “Hold” and a consensus price target of $80.92.

Read Our Latest Stock Analysis on VOYA

Voya Financial Stock Performance

NYSE VOYA opened at $59.00 on Monday. The firm has a 50-day moving average of $64.78 and a 200-day moving average of $71.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The stock has a market cap of $5.68 billion, a PE ratio of 9.64, a P/E/G ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA – Get Free Report) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s dividend payout ratio is presently 29.41%.

Voya Financial Company Profile

(Free Report)

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.

Further Reading

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