Corsair Capital Management LP Decreased Stake in Voya Finl INC (VOYA) as Stock Price Declined

April 25, 2018 - By Dolores Ford

Voya Financial, Inc. (NYSE:VOYA) LogoInvestors sentiment increased to 0.98 in Q4 2017. Its up 0.24, from 0.74 in 2017Q3. It improved, as 24 investors sold VOYA shares while 124 reduced holdings. 58 funds opened positions while 87 raised stakes. 179.07 million shares or 6.24% more from 168.54 million shares in 2017Q3 were reported. Citadel Advsr Lc owns 3.62M shares or 0.11% of their US portfolio. Dimensional Fund Advsr Lp holds 0.02% or 1.20M shares. Luxor Cap Gp LP stated it has 2.70 million shares. Tudor Corp Et Al owns 14,637 shares for 0.02% of their portfolio. Ancora Advisors Ltd Liability Company stated it has 484,677 shares or 1.28% of all its holdings. Franklin Resources stated it has 17.62 million shares. Wells Fargo & Mn holds 0% of its portfolio in Voya Financial, Inc. (NYSE:VOYA) for 216,400 shares. Voloridge Mgmt accumulated 44,883 shares. Clearbridge reported 1.33% stake. The Massachusetts-based Arrowstreet Lp has invested 0.03% in Voya Financial, Inc. (NYSE:VOYA). Old Mutual Customised Solutions (Proprietary) Ltd invested in 0.08% or 15,000 shares. Thomas White Limited accumulated 15,500 shares. Sentinel Tru Lba holds 1.07% of its portfolio in Voya Financial, Inc. (NYSE:VOYA) for 103,805 shares. Keybank Association Oh holds 46,223 shares. Balyasny Asset Mngmt Limited Liability Company stated it has 1.77 million shares.

Since February 21, 2018, it had 0 insider buys, and 2 insider sales for $328,755 activity.

Jay Petschek decreased its stake in Voya Finl Inc (VOYA) by 16.74% based on its latest 2017Q4 regulatory filing with the SEC. Corsair Capital Management Lp sold 102,687 shares as the company’s stock declined 2.44% with the market. The hedge fund run by Jay Petschek held 510,617 shares of the finance company at the end of 2017Q4, valued at $25.26M, down from 613,304 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Voya Finl Inc for a number of months, seems to be less bullish one the $ market cap company. The stock decreased 0.64% or $0.34 during the last trading session, reaching $52.71. About 1.84M shares traded or Infinity% up from the average. Voya Financial, Inc. (NYSE:VOYA) has risen 34.91% since April 25, 2017 and is uptrending. It has outperformed by 23.36% the S&P500.

Corsair Capital Management Lp, which manages about $1.44 billion and $559.98M US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 4.33 million shares to 4.41M shares, valued at $4.41 million in 2017Q4, according to the filing. It also increased its holding in Extended Stay Amer Inc (NYSE:STAY) by 455,217 shares in the quarter, for a total of 768,272 shares, and has risen its stake in Caesars Entmt Corp (NASDAQ:CZR).

Analysts await Voya Financial, Inc. (NYSE:VOYA) to report earnings on May, 1 after the close. They expect $0.86 earnings per share, up 6.17 % or $0.05 from last year’s $0.81 per share. After $0.87 actual earnings per share reported by Voya Financial, Inc. for the previous quarter, Wall Street now forecasts -1.15 % negative EPS growth.

Voya Financial, Inc. (NYSE:VOYA) Ratings Coverage

Among 11 analysts covering Voya Financial (NYSE:VOYA), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Voya Financial had 17 analyst reports since November 1, 2017 according to SRatingsIntel. The stock of Voya Financial, Inc. (NYSE:VOYA) earned “Buy” rating by RBC Capital Markets on Thursday, December 21. The rating was maintained by Keefe Bruyette & Woods on Friday, November 10 with “Buy”. Sandler O’Neill upgraded the shares of VOYA in report on Monday, November 13 to “Buy” rating. The firm has “Outperform” rating given on Thursday, December 21 by Evercore. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, April 5 report. The stock of Voya Financial, Inc. (NYSE:VOYA) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Wells Fargo maintained it with “Buy” rating and $63.0 target in Thursday, March 1 report. BTIG Research maintained Voya Financial, Inc. (NYSE:VOYA) rating on Tuesday, January 2. BTIG Research has “Buy” rating and $59.0 target. On Wednesday, January 10 the stock rating was maintained by Sandler O’Neill with “Buy”. RBC Capital Markets maintained the shares of VOYA in report on Wednesday, February 14 with “Buy” rating.

Voya Financial, Inc. (NYSE:VOYA) Institutional Positions Chart

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