Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 1,305.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 166,913 shares of the asset manager’s stock after acquiring an additional 155,038 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Voya Financial were worth $11,340,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kelly Financial Group LLC purchased a new position in shares of Voya Financial in the first quarter valued at approximately $270,680,000. FMR LLC raised its holdings in Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager’s stock valued at $219,274,000 after acquiring an additional 301,682 shares in the last quarter. Geode Capital Management LLC raised its holdings in Voya Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager’s stock worth $116,058,000 after purchasing an additional 23,818 shares in the last quarter. First Trust Advisors LP raised its holdings in Voya Financial by 52.9% during the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager’s stock worth $98,950,000 after purchasing an additional 497,348 shares in the last quarter. Finally, Norges Bank acquired a new stake in Voya Financial during the fourth quarter worth approximately $96,508,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VOYA. Keefe, Bruyette & Woods lifted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Bank of America restated an “underperform” rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. UBS Group decreased their price objective on shares of Voya Financial from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Voya Financial from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.08.

Voya Financial Trading Up 0.3%

NYSE VOYA opened at $72.90 on Friday. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a 50-day moving average of $66.67 and a 200-day moving average of $67.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $7.01 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.65 and a beta of 1.00.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.56. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Tuesday, May 27th. Voya Financial’s dividend payout ratio is presently 33.96%.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director owned 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is currently owned by corporate insiders.

About Voya Financial

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.