Wilmington Savings Fund Society FSB Takes Position in Voya Financial, Inc. (NYSE:VOYA)

Wilmington Savings Fund Society FSB bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,643 shares of the asset manager’s stock, valued at approximately $209,000.

Several other hedge funds have also recently added to or reduced their stakes in VOYA. FMR LLC increased its stake in Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after buying an additional 248,795 shares during the last quarter. Leeward Investments LLC MA acquired a new stake in Voya Financial during the 3rd quarter worth $19,269,000. Renaissance Technologies LLC purchased a new stake in Voya Financial in the second quarter valued at $13,013,000. Finally, AQR Capital Management LLC boosted its stake in Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock valued at $46,376,000 after acquiring an additional 148,810 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Down 3.1 %

VOYA opened at $65.93 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial, Inc. has a 12 month low of $63.11 and a 12 month high of $84.30. The stock has a market capitalization of $6.34 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.54 and a beta of 1.02. The business has a 50 day simple moving average of $80.00 and a 200-day simple moving average of $74.96.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company earned $2.07 earnings per share. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Voya Financial, Inc. will post 8.09 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.73%. Voya Financial’s payout ratio is currently 28.66%.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on VOYA. Wells Fargo & Company reduced their target price on Voya Financial from $92.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a report on Thursday, October 3rd. Bank of America reiterated a “neutral” rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Piper Sandler dropped their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

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.