AQR Capital Management LLC Has $46.38 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

AQR Capital Management LLC grew its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 29.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 651,803 shares of the asset manager's stock after acquiring an additional 148,810 shares during the quarter. AQR Capital Management LLC owned about 0.66% of Voya Financial worth $46,376,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VOYA. Crestline Management LP bought a new position in Voya Financial in the fourth quarter valued at approximately $1,554,000. Gillson Capital LP bought a new position in shares of Voya Financial in the 4th quarter valued at $11,142,000. FORA Capital LLC raised its holdings in shares of Voya Financial by 94.1% during the 1st quarter. FORA Capital LLC now owns 28,175 shares of the asset manager's stock worth $2,083,000 after buying an additional 13,662 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Voya Financial by 149.4% in the first quarter. Empowered Funds LLC now owns 25,399 shares of the asset manager's stock worth $1,877,000 after acquiring an additional 15,216 shares during the last quarter. Finally, Capstone Investment Advisors LLC increased its position in Voya Financial by 348.4% during the 1st quarter. Capstone Investment Advisors LLC now owns 17,993 shares of the asset manager's stock worth $1,330,000 after purchasing an additional 13,980 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Shares of VOYA stock opened at $78.49 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $79.69. The business's 50 day simple moving average is $71.15 and its 200 day simple moving average is $71.65. The stock has a market capitalization of $7.72 billion, a PE ratio of 11.15, a PEG ratio of 0.57 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $2.31 EPS. The company's quarterly revenue was up 8.7% on a year-over-year basis. As a group, research analysts forecast that Voya Financial, Inc. will post 8.45 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This is a positive change from Voya Financial's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.29%. Voya Financial's dividend payout ratio (DPR) is 25.57%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Citigroup boosted their price objective on Voya Financial from $86.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Evercore ISI upped their target price on Voya Financial from $79.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Royal Bank of Canada reissued an "outperform" rating and set a $83.00 price target on shares of Voya Financial in a research note on Wednesday, August 7th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Voya Financial in a research note on Monday, September 23rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $83.45.

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.