Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by abrdn plc

abrdn plc raised its position in Voya Financial, Inc. (NYSE:VOYA) by 109.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,602 shares of the asset manager’s stock after acquiring an additional 17,067 shares during the quarter. abrdn plc’s holdings in Voya Financial were worth $2,379,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Voya Financial by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock worth $695,436,000 after buying an additional 752,851 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Voya Financial by 2.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock worth $115,621,000 after buying an additional 40,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Voya Financial by 8.2% in the 3rd 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 during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Voya Financial by 1,722.3% in the 3rd 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. boosted its holdings in Voya Financial by 67.4% in the 3rd quarter. Invesco Ltd. now owns 423,702 shares of the asset manager’s stock worth $28,155,000 after buying an additional 170,605 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VOYA shares. Royal Bank of Canada lowered their target price on Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Wells Fargo & Company boosted their target price on Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley lowered their target price on Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Evercore ISI boosted their target price on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Piper Sandler boosted their target price on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.50.

Voya Financial Stock Up 0.6 %

VOYA stock opened at $68.35 on Monday. The firm has a market cap of $6.93 billion, a PE ratio of 12.59, a PEG ratio of 0.46 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. The firm’s 50 day moving average price is $69.73 and its 200-day moving average price is $70.32. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.28.

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

Voya Financial Announces Dividend

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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial’s payout ratio is 29.47%.

Voya Financial Company 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.