VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in Voya Financial, Inc. $VOYA

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 484,200 shares of the asset manager’s stock, valued at approximately $34,378,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.50% of Voya Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Voya Financial by 23.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock valued at $384,849,000 after acquiring an additional 1,095,190 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Voya Financial by 5.4% during the 1st quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager’s stock valued at $373,505,000 after acquiring an additional 280,316 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Voya Financial by 1.7% during the 2nd quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager’s stock valued at $259,949,000 after acquiring an additional 62,093 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Voya Financial by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,369,510 shares of the asset manager’s stock worth $160,552,000 after buying an additional 163,211 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Voya Financial by 8.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after buying an additional 51,376 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA opened at $73.22 on Monday. The company has a 50-day moving average of $75.12 and a 200-day moving average of $69.33. The company has a market capitalization of $7.06 billion, a P/E ratio of 14.64, a PEG ratio of 0.53 and a beta of 0.98. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.31. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 EPS. Equities analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. Voya Financial’s payout ratio is 36.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price target on shares of Voya Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wells Fargo & Company lifted their price target on shares of Voya Financial from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Finally, Barclays lifted their price target on shares of Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Seven 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

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.