Net Worth Advisory Group Invests $725,000 in Voya Financial, Inc. (NYSE:VOYA)

Net Worth Advisory Group acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 9,147 shares of the asset manager's stock, valued at approximately $725,000.

A number of other hedge funds have also recently bought and sold shares of VOYA. Trust Point Inc. acquired a new position in shares of Voya Financial in the 3rd quarter valued at $204,000. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at $29,000. Burns Matteson Capital Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at $363,000. UMB Bank n.a. lifted its stake in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after purchasing an additional 239 shares during the period. Finally, Wright Investors Service Inc. lifted its stake in shares of Voya Financial by 7.7% in the 3rd quarter. Wright Investors Service Inc. now owns 9,586 shares of the asset manager's stock valued at $759,000 after purchasing an additional 687 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VOYA. Barclays increased their price target on Voya Financial from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their price objective on Voya Financial from $83.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th. Jefferies Financial Group raised their price objective on Voya Financial from $78.00 to $80.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. 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 note on Thursday, October 10th. Finally, Piper Sandler raised their price objective on Voya Financial from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Voya Financial currently has a consensus rating of "Moderate Buy" and an average target price of $85.27.

Voya Financial Stock Down 0.4 %

Shares of NYSE VOYA traded down $0.36 during mid-day trading on Friday, hitting $83.54. The company had a trading volume of 602,293 shares, compared to its average volume of 813,493. The company has a market capitalization of $8.41 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. The firm has a 50-day simple moving average of $74.31 and a two-hundred day simple moving average of $72.52. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $83.93.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.13. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. Voya Financial's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 EPS. On average, equities analysts expect that Voya Financial, Inc. will post 8.31 EPS for the current year.

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. This is an increase from Voya Financial's previous quarterly dividend of $0.40. Voya Financial's payout ratio is currently 25.57%.

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.