VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Voya Financial, Inc. $VOYA

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 428,112 shares of the asset manager’s stock, valued at approximately $38,757,000.

Other large investors have also recently modified their holdings of the company. Deutsche Bank AG acquired a new position in shares of Voya Financial during the second quarter worth $1,010,000. Quantinno Capital Management LP grew its stake in Voya Financial by 6.8% during the 1st quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock worth $16,229,000 after buying an additional 15,186 shares during the last quarter. BlackRock Inc. acquired a new position in Voya Financial during the 2nd quarter valued at about $850,187,000. Oppenheimer Asset Management Inc. acquired a new position in Voya Financial during the 2nd quarter valued at about $2,045,000. Finally, Fifth Third Bancorp raised its stake in Voya Financial by 4,892.7% in the first quarter. Fifth Third Bancorp now owns 63,058 shares of the asset manager’s stock valued at $4,308,000 after buying an additional 61,795 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

VOYA has been the subject of several recent analyst reports. UBS Group raised their price target on Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Raymond James Financial upgraded shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research note on Monday, June 8th. Wells Fargo & Company boosted their target price on shares of Voya Financial from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Atlantic Securities set a $79.00 price target on shares of Voya Financial in a research note on Wednesday, July 15th. Finally, Morgan Stanley raised their price target on shares of Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.85.

Voya Financial Stock Performance

NYSE VOYA opened at $104.10 on Monday. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $105.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $9.43 billion, a P/E ratio of 17.55, a PEG ratio of 1.00 and a beta of 0.90. The stock has a 50-day simple moving average of $98.94 and a two-hundred day simple moving average of $84.68.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts forecast that Voya Financial, Inc. will post 9.25 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s payout ratio is 31.70%.

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.