Vanguard Personalized Indexing Management LLC Grows Holdings in Voya Financial, Inc. (NYSE:VOYA)

Vanguard Personalized Indexing Management LLC increased its holdings in Voya Financial, Inc. (NYSE:VOYAFree Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,517 shares of the asset manager’s stock after acquiring an additional 1,583 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Voya Financial were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of VOYA. Vanguard Group Inc. increased its stake in shares of Voya Financial by 7.8% during the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock valued at $695,436,000 after purchasing an additional 752,851 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Voya Financial by 2.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock valued at $115,621,000 after buying an additional 40,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Voya Financial by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 681,329 shares of the asset manager’s stock valued at $49,710,000 after buying an additional 18,316 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Voya Financial by 1,722.3% in the third quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager’s stock worth $40,718,000 after acquiring an additional 579,128 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Voya Financial by 67.4% in the third quarter. Invesco Ltd. now owns 423,702 shares of the asset manager’s stock worth $28,155,000 after acquiring an additional 170,605 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Trading Up 1.4 %

NYSE:VOYA opened at $74.80 on Friday. The company has a 50 day simple moving average of $70.99 and a two-hundred day simple moving average of $70.91. The company has a market cap of $7.53 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $77.00.

Voya Financial (NYSE:VOYAGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, topping the consensus estimate of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. Voya Financial’s revenue was up 11.8% compared to the same quarter last year. Research analysts forecast that Voya Financial, Inc. will post 8.53 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial’s payout ratio is currently 22.73%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Voya Financial from $91.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Piper Sandler increased their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Royal Bank of Canada decreased their price objective on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Evercore ISI upped their price objective on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reduced their target price on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.44.

View Our Latest Analysis on Voya Financial

Voya Financial Profile

(Free Report)

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.

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

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