Diversified Trust Co Acquires New Stake in Voya Financial, Inc. $VOYA

Diversified Trust Co bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,203 shares of the asset manager’s stock, valued at approximately $539,000.

Other hedge funds also recently modified their holdings of the company. Boston Partners raised its position in shares of Voya Financial by 70.4% in the second quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock valued at $239,175,000 after buying an additional 1,394,321 shares during the last quarter. Norges Bank purchased a new stake in Voya Financial in the 2nd quarter worth approximately $97,876,000. Balyasny Asset Management L.P. raised its holdings in Voya Financial by 119.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,085,387 shares of the asset manager’s stock valued at $148,062,000 after acquiring an additional 1,135,935 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Voya Financial in the 3rd quarter valued at $36,653,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Voya Financial during the 2nd quarter worth $34,378,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on VOYA. Wall Street Zen raised Voya Financial from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Wells Fargo & Company lowered their price target on Voya Financial from $83.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a research note on Monday. Barclays raised their target price on shares of Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price target on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.56.

Voya Financial Stock Up 1.5%

Shares of NYSE:VOYA opened at $75.58 on Friday. The stock has a 50-day simple moving average of $72.50 and a 200-day simple moving average of $72.98. The stock has a market capitalization of $7.19 billion, a P/E ratio of 12.99, a PEG ratio of 0.48 and a beta of 0.90. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $78.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the company posted $2.12 earnings per share. Voya Financial’s revenue was up 8.8% compared to the same quarter last year. Equities analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, November 26th were given a dividend of $0.47 per share. This is a positive change from Voya Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.5%. Voya Financial’s dividend payout ratio is currently 32.30%.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.