Voya Financial, Inc. $VOYA Stock Holdings Increased by CX Institutional

Key Points

• CX Institutional increased its stake in Voya Financial by 20.7% during the second quarter, acquiring an additional 13,050 shares, bringing its total ownership to 76,191 shares valued at approximately $5.41 million.
• Voya Financial reported $2.40 earnings per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.45, which translates to an annual yield of 2.4%.
• Analysts have raised their target prices for Voya Financial, with estimates ranging from $75.00 to $89.00, reflecting a consensus rating of "Moderate Buy" from multiple financial institutions.

CX Institutional boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 20.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,191 shares of the asset manager's stock after purchasing an additional 13,050 shares during the quarter. CX Institutional owned approximately 0.08% of Voya Financial worth $5,410,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in Voya Financial by 23.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager's stock valued at $384,849,000 after buying an additional 1,095,190 shares during the last quarter. Wellington Management Group LLP raised its position in Voya Financial by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager's stock valued at $373,505,000 after purchasing an additional 280,316 shares during the last quarter. Kelly Financial Group LLC purchased a new stake in Voya Financial in the 1st quarter valued at $270,680,000. Pzena Investment Management LLC raised its position in Voya Financial by 0.9% in the 1st quarter. Pzena Investment Management LLC now owns 3,599,164 shares of the asset manager's stock valued at $243,879,000 after purchasing an additional 32,061 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Voya Financial by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,369,510 shares of the asset manager's stock valued at $160,552,000 after purchasing an additional 163,211 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VOYA. Royal Bank Of Canada upped their price target on shares of Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. UBS Group increased their target price on shares of Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on shares of Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Evercore ISI raised their price objective on Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Voya Financial currently has an average rating of "Moderate Buy" and an average target price of $83.70.

Voya Financial Stock Down 0.3%

Shares of VOYA traded down $0.23 during midday trading on Tuesday, reaching $76.23. 243,159 shares of the company were exchanged, compared to its average volume of 922,206. The stock has a 50-day moving average price of $73.70 and a 200-day moving average price of $68.41. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.57 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 current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company earned $2.18 earnings per share. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. Research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 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 2.4%. The ex-dividend date of this dividend is Tuesday, August 26th. Voya Financial's payout ratio is presently 36.00%.

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.