Voya Financial, Inc. $VOYA Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its holdings in Voya Financial, Inc. (NYSE:VOYA) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,900 shares of the asset manager’s stock after selling 764 shares during the quarter. Truist Financial Corp owned 0.07% of Voya Financial worth $4,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Voya Financial during the 1st quarter valued at $47,000. Geneos Wealth Management Inc. boosted its position in shares of Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after buying an additional 223 shares during the period. Blue Trust Inc. raised its holdings in shares of Voya Financial by 36.9% during the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock worth $64,000 after acquiring an additional 256 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Voya Financial by 142.9% during the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager’s stock worth $91,000 after acquiring an additional 790 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Voya Financial by 196.7% during the first quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager’s stock worth $98,000 after acquiring an additional 958 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $75.00 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $74.46 and a 200 day moving average price of $69.01. The firm has a market cap of $7.23 billion, a PE ratio of 15.00, a PEG ratio of 0.56 and a beta of 0.98. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA) last released its 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. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.Voya Financial’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. Research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Voya Financial’s dividend payout ratio (DPR) is currently 36.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on VOYA shares. JPMorgan Chase & Co. raised their target price on Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Morgan Stanley lifted their target price on Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a research report on Saturday, September 27th. Wells Fargo & Company lifted their price objective on Voya Financial from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Finally, Barclays boosted their target price on Voya Financial from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.80.

Voya Financial 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.