Voya Financial, Inc. $VOYA Holdings Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

by · The Cerbat Gem

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,400 shares of the asset manager’s stock after acquiring an additional 8,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.51% of Voya Financial worth $36,832,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VOYA. Jane Street Group LLC lifted its position in shares of Voya Financial by 247.1% during the 1st quarter. Jane Street Group LLC now owns 190,035 shares of the asset manager’s stock valued at $12,877,000 after acquiring an additional 135,292 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Voya Financial by 10.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 230,930 shares of the asset manager’s stock worth $16,396,000 after acquiring an additional 21,186 shares during the last quarter. Interval Partners LP acquired a new stake in shares of Voya Financial during the first quarter worth $11,369,000. Bank of New York Mellon Corp lifted its holdings in shares of Voya Financial by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 5,539,009 shares of the asset manager’s stock valued at $393,270,000 after purchasing an additional 407,426 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Voya Financial by 119.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,085,387 shares of the asset manager’s stock valued at $148,062,000 after purchasing an additional 1,135,935 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA opened at $75.01 on Wednesday. The company has a market capitalization of $7.14 billion, a PE ratio of 12.89, a PEG ratio of 0.53 and a beta of 0.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27. The company’s 50 day moving average price is $72.41 and its 200 day moving average price is $72.90. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $78.00.

Voya Financial (NYSE:VOYA – Get Free Report) last issued its earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. Research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, November 26th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, November 26th. This is a positive change from Voya Financial’s previous quarterly dividend of $0.45. Voya Financial’s dividend payout ratio (DPR) is presently 32.30%.

Analyst Ratings Changes

Several analysts have issued reports on VOYA shares. Royal Bank Of Canada cut their price objective on Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Wells Fargo & Company cut their price target on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research report on Monday. Finally, Wall Street Zen upgraded Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.56.

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Voya Financial Company Profile

(Free Report)

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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