Townsquare Capital LLC Invests $251,000 in Voya Financial, Inc. (NYSE:VOYA)

Townsquare Capital LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the third quarter, HoldingsChannel reports. The institutional investor purchased 3,166 shares of the asset manager’s stock, valued at approximately $251,000.

A number of other large investors also recently modified their holdings of the business. Arjuna Capital lifted its holdings in shares of 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 buying an additional 161 shares during the last quarter. US Bancorp DE increased its position in shares of Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 202 shares during the period. First Trust Direct Indexing L.P. increased its position in shares of Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock valued at $261,000 after purchasing an additional 210 shares during the period. UMB Bank n.a. increased its position in shares of Voya Financial by 118.9% during the third 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 period. Finally, State of Alaska Department of Revenue increased its position in shares of Voya Financial by 2.2% during the third 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 during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Down 1.1 %

Shares of VOYA opened at $81.11 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The firm has a market capitalization of $7.80 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02. The stock’s fifty day simple moving average is $81.05 and its 200-day simple moving average is $75.09.

Voya Financial (NYSE:VOYA) last issued its quarterly 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 return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $2.07 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts predict that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s payout ratio is 28.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VOYA shares. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Barclays boosted their price objective on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Piper Sandler upped their price target on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Evercore ISI upped their price target on Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.37% of the company’s stock.

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.