Public Employees Retirement System of Ohio Raises Stake in Voya Financial, Inc. (NYSE:VOYA)

Public Employees Retirement System of Ohio boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,625 shares of the asset manager’s stock after acquiring an additional 990 shares during the period. Public Employees Retirement System of Ohio’s holdings in Voya Financial were worth $3,139,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after purchasing an additional 248,795 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after acquiring an additional 38,438 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Voya Financial by 15,513.4% in the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after acquiring an additional 20,788 shares during the last quarter. FMR LLC raised its position in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after acquiring an additional 592,523 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Voya Financial by 52.8% during the third quarter. BNP Paribas Financial Markets now owns 56,878 shares of the asset manager’s stock worth $4,506,000 after purchasing an additional 19,654 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $69.10 on Tuesday. The stock has a fifty day moving average price of $80.21 and a 200 day moving average price of $75.02. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $6.65 billion, a PE ratio of 11.00, a P/E/G ratio of 0.54 and a beta of 1.02.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business earned $2.07 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Voya Financial, Inc. will post 8.09 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Wall Street Analyst Weigh In

VOYA has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research note on Thursday, October 3rd. Wells Fargo & Company cut their price target on shares of Voya Financial from $92.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Evercore ISI cut their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Finally, Barclays reduced their target price on Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.67.

Voya Financial Profile

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.