Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its stake in Voya Financial, Inc. (NYSE:VOYA) by 26.3% during the second quarter, Holdings Channel.com reports. The fund owned 15,059 shares of the asset manager’s stock after purchasing an additional 3,138 shares during the quarter. Vest Financial LLC’s holdings in Voya Financial were worth $1,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VOYA. Price T Rowe Associates Inc. MD grew its stake in Voya Financial by 1,020.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock valued at $175,057,000 after acquiring an additional 2,156,773 shares during the period. Boston Partners grew its stake in Voya Financial by 83.8% in the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock valued at $186,310,000 after acquiring an additional 1,151,822 shares during the period. Norges Bank acquired a new stake in Voya Financial in the 4th quarter valued at $80,749,000. Vanguard Group Inc. grew its stake in Voya Financial by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after acquiring an additional 644,216 shares during the period. Finally, Gillson Capital LP acquired a new stake in Voya Financial in the 4th quarter valued at $11,142,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Bank of America lifted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $83.00 target price on shares of Voya Financial in a research note on Wednesday, August 7th. Jefferies Financial Group lifted their target price on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Barclays began coverage on shares of Voya Financial in a research note on Wednesday, September 4th. They set an “overweight” rating and a $84.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and an average price target of $83.64.

Voya Financial Stock Up 0.5 %

NYSE VOYA opened at $75.34 on Friday. Voya Financial, Inc. has a 52 week low of $63.02 and a 52 week high of $76.75. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $69.90 and its 200-day simple moving average is $70.91. The firm has a market cap of $7.41 billion, a PE ratio of 10.70, a P/E/G ratio of 0.55 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.13. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. Voya Financial’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 EPS. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.42 earnings per share for the current year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, August 27th will be issued a $0.45 dividend. This is a positive change from Voya Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, August 27th. Voya Financial’s payout ratio is 25.57%.

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.