Victory Capital Management Inc. Increases Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Victory Capital Management Inc. lifted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 316,447 shares of the asset manager's stock after purchasing an additional 34,413 shares during the quarter. Victory Capital Management Inc. owned approximately 0.32% of Voya Financial worth $25,069,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Voya Financial by 6,850.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock valued at $62,000 after purchasing an additional 822 shares in the last quarter. BNP Paribas Financial Markets raised its position in Voya Financial by 21.0% in the first quarter. BNP Paribas Financial Markets now owns 8,659 shares of the asset manager's stock worth $640,000 after purchasing an additional 1,504 shares in the last quarter. Blair William & Co. IL lifted its stake in Voya Financial by 5.3% during the first quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager's stock worth $398,000 after purchasing an additional 272 shares during the period. Intech Investment Management LLC bought a new stake in shares of Voya Financial in the 1st quarter valued at approximately $233,000. Finally, Vanguard Group Inc. lifted its position in shares of Voya Financial by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager's stock worth $818,094,000 after buying an additional 644,216 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Price Performance

VOYA stock traded down $0.42 during mid-day trading on Monday, hitting $81.01. The stock had a trading volume of 246,649 shares, compared to its average volume of 819,374. The firm has a fifty day simple moving average of $79.32 and a 200 day simple moving average of $74.20. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $7.79 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business earned $2.07 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Voya Financial, Inc. will post 8.2 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.22%. Voya Financial's payout ratio is 28.66%.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VOYA shares. Citigroup lifted their price objective on Voya Financial from $86.00 to $91.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Royal Bank of Canada upped their price objective on Voya Financial from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Evercore ISI boosted their target price on Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lowered shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price objective on the stock. in a report on Thursday, October 3rd. Finally, 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, November 7th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.00.

Voya Financial Company 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.