Strs Ohio Buys New Shares in Voya Financial, Inc. $VOYA

Strs Ohio bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,121 shares of the asset manager’s stock, valued at approximately $1,973,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Voya Financial during the 1st quarter valued at $47,000. Geneos Wealth Management Inc. grew its holdings in Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares during the last quarter. Versant Capital Management Inc grew its holdings in Voya Financial by 666.4% in the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager’s stock worth $60,000 after acquiring an additional 773 shares during the last quarter. Blue Trust Inc. grew its holdings in Voya Financial by 36.9% in the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock worth $64,000 after acquiring an additional 256 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Voya Financial by 142.9% in the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager’s stock worth $91,000 after acquiring an additional 790 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 0.2%

Shares of NYSE VOYA opened at $77.00 on Tuesday. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The stock has a market cap of $7.42 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00. The firm has a 50-day moving average of $73.37 and a 200 day moving average of $68.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.31. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company posted $2.18 EPS. Voya Financial’s revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is 36.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VOYA shares. Evercore ISI raised their price target on shares of Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. raised their price target 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. Wells Fargo & Company raised their price target on shares of Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Royal Bank Of Canada raised their price target on shares of Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Finally, UBS Group raised their target price on shares of Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.70.

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.