Qsemble Capital Management LP Invests $1.20 Million in Voya Financial, Inc. (NYSE:VOYA)

Qsemble Capital Management LP acquired a new position in Voya Financial, Inc. (NYSE:VOYA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,155 shares of the asset manager’s stock, valued at approximately $1,201,000.

Other large investors have also bought and sold shares of the company. Arjuna Capital boosted its stake in Voya Financial by 0.8% during the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after acquiring an additional 161 shares in the last quarter. US Bancorp DE raised its position in shares of Voya Financial by 5.8% in the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after purchasing an additional 202 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Voya Financial by 6.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after purchasing an additional 210 shares in the last quarter. UMB Bank n.a. grew its position in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Voya Financial by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Trading Down 0.6 %

Shares of NYSE:VOYA opened at $82.44 on Wednesday. The stock’s 50-day simple moving average is $80.19 and its two-hundred day simple moving average is $74.57. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a 52-week low of $63.11 and a 52-week high of $84.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial (NYSE:VOYA) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $2.07 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts expect that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Analyst Upgrades and Downgrades

VOYA has been the topic of several analyst reports. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a research report on Thursday, October 3rd. Piper Sandler lifted their target price on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada lifted their price objective on Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Buying and Selling

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

Voya Financial Company Profile

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.