Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,693 shares of the asset manager’s stock after buying an additional 710 shares during the quarter. Xponance Inc.’s holdings in Voya Financial were worth $999,000 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 the company. Vanguard Group Inc. boosted its position in shares of Voya Financial by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock valued at $695,436,000 after purchasing an additional 752,851 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Voya Financial by 2.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock valued at $115,621,000 after purchasing an additional 40,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Voya Financial by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 663,013 shares of the asset manager’s stock worth $44,057,000 after buying an additional 50,015 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Voya Financial by 1,722.3% in the third quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager’s stock worth $40,718,000 after buying an additional 579,128 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Voya Financial by 67.4% in the third quarter. Invesco Ltd. now owns 423,702 shares of the asset manager’s stock valued at $28,155,000 after buying an additional 170,605 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

VOYA stock opened at $67.94 on Friday. The firm has a 50 day simple moving average of $69.76 and a 200 day simple moving average of $70.29. Voya Financial, Inc. has a 52 week low of $63.02 and a 52 week high of $77.28. The stock has a market cap of $6.89 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. The company had revenue of $236.00 million during the quarter, compared to the consensus estimate of $304.66 million. Research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $1.60 dividend on an annualized basis and a yield of 2.36%. Voya Financial’s dividend payout ratio (DPR) is currently 29.47%.

Analyst Ratings Changes

Several research firms have recently weighed in on VOYA. Piper Sandler raised their price objective on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. StockNews.com raised Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Morgan Stanley reduced their price objective on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Royal Bank of Canada dropped their target price on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Finally, Evercore ISI boosted their price target on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

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.