Macquarie Group Ltd. Raises Holdings in Voya Financial, Inc. (NYSE:VOYA)

Macquarie Group Ltd. grew its position in Voya Financial, Inc. (NYSE:VOYA) by 9.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,153 shares of the asset manager’s stock after buying an additional 2,896 shares during the quarter. Macquarie Group Ltd.’s holdings in Voya Financial were worth $2,441,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VOYA. Atlas Capital Advisors LLC raised its position in shares of Voya Financial by 48.4% in the 4th quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after acquiring an additional 136 shares in the last quarter. US Bancorp DE raised its position in shares of Voya Financial by 3.2% in the 1st quarter. US Bancorp DE now owns 4,710 shares of the asset manager’s stock worth $337,000 after acquiring an additional 148 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its position in shares of Voya Financial by 22.1% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the asset manager’s stock worth $62,000 after acquiring an additional 170 shares in the last quarter. abrdn plc raised its position in shares of Voya Financial by 2.7% in the 4th quarter. abrdn plc now owns 8,232 shares of the asset manager’s stock worth $506,000 after acquiring an additional 219 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Voya Financial by 4.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 5,929 shares of the asset manager’s stock worth $423,000 after acquiring an additional 226 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Piper Sandler reduced their target price on Voya Financial from $84.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. StockNews.com started coverage on Voya Financial in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup upped their target price on Voya Financial from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Jefferies Financial Group reduced their target price on Voya Financial from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.89.

Voya Financial Stock Down 0.2 %

Shares of VOYA stock opened at $69.35 on Tuesday. The stock’s 50-day simple moving average is $71.79 and its 200-day simple moving average is $71.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $7.34 billion, a PE ratio of 12.32, a P/E/G ratio of 0.56 and a beta of 1.16. Voya Financial, Inc. has a fifty-two week low of $58.63 and a fifty-two week high of $78.11.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 1st. The asset manager reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.26. Voya Financial had a return on equity of 16.61% and a net margin of 10.53%. The business had revenue of $347.00 million for the quarter, compared to analyst estimates of $319.09 million. Equities analysts expect that Voya Financial, Inc. will post 8.41 earnings per share for the current year.

Voya Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, August 28th will be paid a $0.40 dividend. This is an increase from Voya Financial’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, August 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.31%. Voya Financial’s dividend payout ratio is presently 28.42%.

Insider Transactions at Voya Financial

In other news, Director Yvette S. Butler sold 2,074 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $72.93, for a total value of $151,256.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.44% of the company’s stock.

Voya Financial Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.