Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. increased its stake in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 29.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,812 shares of the asset manager’s stock after purchasing an additional 9,694 shares during the period. Macquarie Group Ltd.’s holdings in Voya Financial were worth $2,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Voya Financial by 1,035.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,321 shares of the asset manager’s stock worth $805,000 after purchasing an additional 12,148 shares in the last quarter. Synovus Financial Corp boosted its stake in Voya Financial by 1.8% in the 3rd quarter. Synovus Financial Corp now owns 18,358 shares of the asset manager’s stock worth $1,111,000 after purchasing an additional 327 shares in the last quarter. Prana Capital Management LP lifted its stake in Voya Financial by 126.8% during the 2nd quarter. Prana Capital Management LP now owns 397,159 shares of the asset manager’s stock valued at $23,643,000 after acquiring an additional 222,043 shares during the period. Rhumbline Advisers lifted its stake in Voya Financial by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 294,048 shares of the asset manager’s stock valued at $17,505,000 after acquiring an additional 7,622 shares during the period. Finally, Brinker Capital Investments LLC lifted its stake in Voya Financial by 0.6% during the 3rd quarter. Brinker Capital Investments LLC now owns 39,370 shares of the asset manager’s stock valued at $2,382,000 after acquiring an additional 226 shares during the period.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $72.35 on Friday. The firm has a market cap of $7.04 billion, a PE ratio of 16.44, a PEG ratio of 0.64 and a beta of 1.16. The firm has a fifty day moving average of $70.59 and a 200 day moving average of $65.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.31 and a current ratio of 0.31. Voya Financial, Inc. has a one year low of $56.20 and a one year high of $78.11.

Voya Financial (NYSE:VOYA – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The asset manager reported $2.18 EPS for the quarter, topping the consensus estimate of $1.53 by $0.65. The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $259.86 million. Voya Financial had a net margin of 9.37% and a return on equity of 13.09%. During the same quarter in the previous year, the firm earned $1.90 EPS. As a group, research analysts predict that Voya Financial, Inc. will post 8.13 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Friday, February 24th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, February 23rd. This is a positive change from Voya Financial’s previous quarterly dividend of $0.04. Voya Financial’s payout ratio is presently 18.18%.

Analysts Set New Price Targets

VOYA has been the subject of several research reports. Jefferies Financial Group lifted their price objective on shares of Voya Financial from $74.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday, February 21st. StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th. Royal Bank of Canada lifted their price objective on shares of Voya Financial from $79.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Citigroup decreased their price objective on shares of Voya Financial from $83.00 to $82.00 in a research note on Wednesday, November 16th. Finally, Morgan Stanley lifted their target price on shares of Voya Financial from $78.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, January 10th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.17.

Insider Buying and Selling

In other Voya Financial news, CEO Rodney O. Martin, Jr. sold 109,588 shares of Voya Financial stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $74.23, for a total transaction of $8,134,717.24. Following the sale, the chief executive officer now owns 220,882 shares of the company’s stock, valued at approximately $16,396,070.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Voya Financial news, CEO Rodney O. Martin, Jr. sold 109,588 shares of Voya Financial stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $74.23, for a total transaction of $8,134,717.24. Following the sale, the chief executive officer now owns 220,882 shares of the company’s stock, valued at approximately $16,396,070.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rodney O. Martin, Jr. sold 70,774 shares of Voya Financial stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the sale, the director now directly owns 228,208 shares in the company, valued at approximately $16,793,826.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,650 shares of company stock valued at $16,595,760. 1.44% of the stock is owned by corporate insiders.

Voya Financial Profile

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Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.