Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 32.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,569 shares of the asset manager’s stock after acquiring an additional 1,600 shares during the quarter. M&T Bank Corp’s holdings in Voya Financial were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. U.S. Capital Wealth Advisors LLC acquired a new position in Voya Financial in the 1st quarter worth $385,000. Envestnet Asset Management Inc. lifted its holdings in Voya Financial by 0.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 209,329 shares of the asset manager’s stock worth $14,184,000 after buying an additional 1,094 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Voya Financial by 25.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,088 shares of the asset manager’s stock worth $345,000 after buying an additional 1,035 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Voya Financial by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 221,385 shares of the asset manager’s stock worth $15,001,000 after buying an additional 574 shares in the last quarter. Finally, Meritage Portfolio Management lifted its holdings in Voya Financial by 1.9% in the 1st quarter. Meritage Portfolio Management now owns 14,030 shares of the asset manager’s stock worth $951,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Insider Buying and Selling

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director owned 355 shares in the company, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.99% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $71.50 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The firm has a 50-day simple moving average of $68.84 and a 200 day simple moving average of $67.40. The company has a market cap of $6.88 billion, a PE ratio of 13.49, a P/E/G ratio of 0.66 and a beta of 1.00.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.52%. The ex-dividend date was Tuesday, May 27th. Voya Financial’s dividend payout ratio (DPR) is 33.96%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley set a $89.00 price objective on shares of Voya Financial and gave the stock an “overweight” rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Barclays boosted their price objective on shares of Voya Financial from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. Wells Fargo & Company boosted their target price on shares of Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, Bank of America reissued an “underperform” rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Voya Financial has an average rating of “Hold” and a consensus price target of $83.83.

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.