Allspring Global Investments Holdings LLC Has $7.41 Million Stake in Voya Financial, Inc. $VOYA

Allspring Global Investments Holdings LLC boosted its stake in Voya Financial, Inc. (NYSE:VOYA) by 6.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,603 shares of the asset manager’s stock after acquiring an additional 6,856 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of Voya Financial worth $7,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Voya Financial during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in Voya Financial during the 4th quarter worth approximately $33,000. Systematic Financial Management LP bought a new position in shares of Voya Financial during the 4th quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Voya Financial by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after acquiring an additional 475 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider directly owned 2,887 shares in the company, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

Voya Financial Stock Performance

NYSE:VOYA opened at $96.83 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.78 billion, a P/E ratio of 14.63, a PEG ratio of 0.90 and a beta of 0.91. The stock has a 50 day simple moving average of $90.08 and a 200 day simple moving average of $79.36. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $103.85.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $2.00 earnings per share. Voya Financial’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that Voya Financial, Inc. will post 9.38 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, May 26th. Voya Financial’s payout ratio is presently 28.40%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Atlantic Securities set a $79.00 price objective on shares of Voya Financial in a research report on Wednesday, July 15th. UBS Group raised their target price on shares of Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research report on Monday, June 8th. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Voya Financial from $88.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.15.

About Voya Financial

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.