Voya Financial Inc (NYSE:VOYA) Position Raised by Riverhead Capital Management LLC

Riverhead Capital Management LLC increased its position in shares of Voya Financial Inc (NYSE:VOYA) by 100.8% in the 1st quarter, Holdings Channel reports. The firm owned 173,850 shares of the asset manager’s stock after acquiring an additional 87,270 shares during the quarter. Riverhead Capital Management LLC’s holdings in Voya Financial were worth $8,686,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VOYA. Oppenheimer Asset Management Inc. increased its holdings in shares of Voya Financial by 3.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,001 shares of the asset manager’s stock worth $522,000 after purchasing an additional 486 shares during the period. First Mercantile Trust Co. increased its holdings in shares of Voya Financial by 95.5% in the fourth quarter. First Mercantile Trust Co. now owns 1,310 shares of the asset manager’s stock worth $52,000 after purchasing an additional 640 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Voya Financial by 20.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,222 shares of the asset manager’s stock worth $290,000 after purchasing an additional 1,222 shares during the period. M&T Bank Corp increased its holdings in shares of Voya Financial by 3.1% in the fourth quarter. M&T Bank Corp now owns 8,298 shares of the asset manager’s stock worth $332,000 after purchasing an additional 253 shares during the period. Finally, Chicago Equity Partners LLC bought a new position in shares of Voya Financial in the fourth quarter worth $500,000.

NYSE:VOYA traded down $0.56 during midday trading on Wednesday, hitting $53.85. The company had a trading volume of 11,602 shares, compared to its average volume of 1,452,036. Voya Financial Inc has a 52-week low of $36.66 and a 52-week high of $55.61. The firm has a market capitalization of $7.78 billion, a PE ratio of 13.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, May 7th. The asset manager reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). Voya Financial had a return on equity of 8.45% and a net margin of 5.64%. The company had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $272.72 million. During the same quarter last year, the firm posted $1.03 earnings per share. On average, sell-side analysts forecast that Voya Financial Inc will post 5.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, May 31st will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.07%. Voya Financial’s payout ratio is 0.99%.

In other Voya Financial news, insider Patricia J. Walsh sold 1,870 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total transaction of $100,400.30. Following the completion of the sale, the insider now directly owns 27,488 shares in the company, valued at $1,475,830.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nancy Ferrara sold 26,138 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $52.00, for a total transaction of $1,359,176.00. Following the sale, the insider now owns 9,500 shares of the company’s stock, valued at $494,000. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.

Several brokerages recently issued reports on VOYA. Credit Suisse Group reiterated an “outperform” rating and issued a $66.00 target price (up from $59.00) on shares of Voya Financial in a research report on Tuesday, March 26th. TheStreet upgraded shares of Voya Financial from a “c+” rating to a “b-” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada upped their target price on shares of Voya Financial to $60.00 and gave the stock a “positive” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.00.

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Voya Financial Profile

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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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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