Robeco Institutional Asset Management B.V. Boosts Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 87.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,497 shares of the asset manager's stock after purchasing an additional 24,510 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Voya Financial worth $4,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VOYA. V Square Quantitative Management LLC purchased a new position in Voya Financial in the third quarter worth $29,000. UMB Bank n.a. increased its holdings in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after buying an additional 239 shares in the last quarter. Quarry LP purchased a new position in Voya Financial during the 2nd quarter valued at about $61,000. Allspring Global Investments Holdings LLC raised its holdings in Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock valued at $62,000 after buying an additional 822 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after acquiring an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

NYSE VOYA traded up $0.03 during trading hours on Friday, hitting $81.28. The company's stock had a trading volume of 783,651 shares, compared to its average volume of 822,709. Voya Financial, Inc. has a 12 month low of $63.11 and a 12 month high of $83.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.41 and a quick ratio of 0.30. The company has a market cap of $7.99 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03. The company's 50 day simple moving average is $78.15 and its two-hundred day simple moving average is $73.67.

Voya Financial (NYSE:VOYA - Get Free Report) last announced 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. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $2.07 EPS. The business's revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Voya Financial, Inc. will post 8.27 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial's dividend payout ratio is presently 28.66%.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VOYA. Jefferies Financial Group upped their target price on shares of Voya Financial from $78.00 to $80.00 and gave the company a "hold" rating in a research report on Thursday, July 18th. Piper Sandler raised their price target on shares of Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday. Citigroup upped their target price on shares of Voya Financial from $86.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Wells Fargo & Company increased their price objective on Voya Financial from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price objective for the company. in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.55.

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.