Mitsubishi UFJ Trust & Banking Corp Increases Stock Holdings in Voya Financial, Inc. $VOYA

Mitsubishi UFJ Trust & Banking Corp increased its position in Voya Financial, Inc. (NYSE:VOYA) by 46.5% in the third quarter, Holdings Channel.com reports. The fund owned 125,218 shares of the asset manager’s stock after acquiring an additional 39,771 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Voya Financial were worth $9,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VOYA. Trail Ridge Investment Advisors LLC boosted its holdings in Voya Financial by 2.0% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock valued at $622,000 after purchasing an additional 166 shares during the period. ProShare Advisors LLC raised its position in shares of Voya Financial by 4.2% in the second quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock worth $303,000 after buying an additional 171 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Voya Financial by 4.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock valued at $338,000 after buying an additional 201 shares during the period. Park Avenue Securities LLC grew its position in Voya Financial by 1.5% during the third quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock worth $1,098,000 after buying an additional 215 shares in the last quarter. Finally, Ethic Inc. increased its stake in Voya Financial by 2.3% in the 2nd quarter. Ethic Inc. now owns 10,098 shares of the asset manager’s stock worth $714,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 0.4%

VOYA stock opened at $75.82 on Thursday. The company has a market capitalization of $7.22 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $79.99. The company’s 50 day moving average price is $74.19 and its two-hundred day moving average price is $73.77.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, November 4th. The asset manager reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 EPS. As a group, analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VOYA shares. Royal Bank Of Canada dropped their price target on Voya Financial from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Wall Street Zen downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Barclays raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Voya Financial in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.33.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.