112,896 Shares in Voya Financial, Inc. (NYSE:VOYA) Bought by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. purchased a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 112,896 shares of the asset manager's stock, valued at approximately $8,944,000. Basswood Capital Management L.L.C. owned 0.12% of Voya Financial at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VOYA. FMR LLC increased its stake in shares of 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 period. Dimensional Fund Advisors LP increased its stake in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock valued at $146,234,000 after purchasing an additional 248,795 shares during the period. Leeward Investments LLC MA acquired a new position in shares of Voya Financial during the third quarter valued at approximately $19,269,000. Renaissance Technologies LLC acquired a new position in shares of Voya Financial during the second quarter valued at approximately $13,013,000. Finally, AQR Capital Management LLC increased its stake in shares of Voya Financial by 29.6% during 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 during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on VOYA shares. Piper Sandler raised their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. UBS Group upgraded shares of Voya Financial to a "strong-buy" rating in a research note on Monday, November 11th. Morgan Stanley lowered their price objective on shares of Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Raymond James lowered shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, September 13th. Finally, Royal Bank of Canada raised their target price on shares of Voya Financial from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were 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 SEC, which is accessible through this link. Company insiders own 1.37% of the company's stock.

Voya Financial Trading Up 0.5 %

Voya Financial stock traded up $0.43 during midday trading on Monday, reaching $83.43. The stock had a trading volume of 374,944 shares, compared to its average volume of 810,650. The firm's fifty day simple moving average is $80.65 and its two-hundred day simple moving average is $74.83. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. Equities analysts anticipate that Voya Financial, Inc. will post 8.4 EPS 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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial's dividend payout ratio (DPR) is currently 28.66%.

About Voya Financial

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.