Fmr LLC Has $228.47 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

FMR LLC boosted its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,884,044 shares of the asset manager's stock after acquiring an additional 592,523 shares during the quarter. FMR LLC owned about 3.00% of Voya Financial worth $228,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Qsemble Capital Management LP bought a new stake in shares of Voya Financial during the 3rd quarter worth $1,201,000. Algert Global LLC increased its stake in Voya Financial by 5.5% in the 3rd quarter. Algert Global LLC now owns 42,473 shares of the asset manager's stock worth $3,365,000 after purchasing an additional 2,230 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Voya Financial by 15.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 28,609 shares of the asset manager's stock worth $2,266,000 after buying an additional 3,782 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Voya Financial by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock valued at $212,152,000 after buying an additional 38,438 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Voya Financial by 52.2% in the third quarter. Advisors Asset Management Inc. now owns 11,580 shares of the asset manager's stock worth $917,000 after buying an additional 3,970 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Shares of VOYA stock traded down $0.43 during mid-day trading on Tuesday, reaching $82.52. The stock had a trading volume of 240,879 shares, compared to its average volume of 810,334. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30. The firm has a market cap of $7.94 billion, a PE ratio of 13.21, a P/E/G ratio of 0.58 and a beta of 1.02. The firm's 50 day simple moving average is $80.77 and its 200 day simple moving average is $74.89. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Voya Financial's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $2.07 earnings per share. On average, analysts forecast that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. Voya Financial's payout ratio is currently 28.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VOYA shares. Wells Fargo & Company upped their price target on shares of Voya Financial from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target on the stock. in a research report on Thursday, October 3rd. Bank of America raised their price objective on Voya Financial from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Morgan Stanley dropped their target price on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. Finally, Piper Sandler boosted their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Insiders Place Their Bets

In related news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.37% of the company's stock.

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.