Allspring Global Investments Holdings LLC Acquires 155,038 Shares of Voya Financial, Inc. (NYSE:VOYA)

Allspring Global Investments Holdings LLC boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 1,305.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,913 shares of the asset manager's stock after purchasing an additional 155,038 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.17% of Voya Financial worth $11,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Kelly Financial Group LLC bought a new stake in shares of Voya Financial during the first quarter valued at approximately $270,680,000. Norges Bank acquired a new position in shares of Voya Financial during the fourth quarter valued at approximately $96,508,000. Wealthfront Advisers LLC acquired a new position in shares of Voya Financial during the fourth quarter valued at approximately $67,214,000. First Trust Advisors LP increased its stake in shares of Voya Financial by 52.9% during the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after acquiring an additional 497,348 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in shares of Voya Financial by 278.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 460,803 shares of the asset manager's stock valued at $31,717,000 after acquiring an additional 339,139 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the transaction, the director owned 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by company insiders.

Voya Financial Stock Down 0.7%

Shares of NYSE:VOYA traded down $0.51 during trading on Monday, reaching $72.39. 1,240,228 shares of the company traded hands, compared to its average volume of 886,517. The firm has a fifty day simple moving average of $67.20 and a 200 day simple moving average of $67.18. The firm has a market cap of $6.96 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. Voya Financial's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. Analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.80 annualized dividend and a yield of 2.49%. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VOYA shares. Morgan Stanley reiterated an "overweight" rating and set a $88.00 price objective (up previously from $86.00) on shares of Voya Financial in a research note on Tuesday, June 24th. Barclays lifted their price target on shares of Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their price target on shares of Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Finally, Bank of America reiterated an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of "Hold" and an average price target of $82.50.

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.