Vident Advisory LLC Purchases 39,898 Shares of Voya Financial, Inc. $VOYA

Key Points

• Vident Advisory LLC significantly increased its stake in Voya Financial, acquiring 39,898 shares to raise its ownership by 1,097.6%, totaling 43,533 shares valued at approximately $2.95 million.
• Voya Financial reported earnings of $2.40 per share for the last quarter, exceeding analysts' expectations by $0.31, and had a revenue of $1.98 billion.
• The company declared a quarterly dividend of $0.45 per share, with an annualized yield of 2.4%, to be paid on September 26 to investors of record as of August 26.

Vident Advisory LLC raised its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 1,097.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,533 shares of the asset manager's stock after purchasing an additional 39,898 shares during the period. Vident Advisory LLC's holdings in Voya Financial were worth $2,950,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of VOYA. Quarry LP bought a new position in shares of Voya Financial in the 4th quarter valued at $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Voya Financial during the 1st quarter worth $47,000. Versant Capital Management Inc boosted its stake in Voya Financial by 666.4% in the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after buying an additional 773 shares in the last quarter. Blue Trust Inc. grew its position in Voya Financial by 36.9% in the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after acquiring an additional 256 shares during the last quarter. Finally, LRI Investments LLC grew its position in Voya Financial by 26.1% in the fourth quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after acquiring an additional 271 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Trading Up 0.2%

Shares of NYSE VOYA opened at $75.15 on Monday. The firm has a 50 day moving average price of $72.25 and a two-hundred day moving average price of $67.95. The stock has a market cap of $7.25 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.60 and a beta of 1.00. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The business's quarterly revenue was down 2.6% on a year-over-year basis. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.4%. Voya Financial's dividend payout ratio is currently 36.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VOYA shares. Wells Fargo & Company increased their target price on shares of Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Royal Bank Of Canada upped their price objective on shares of Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Morgan Stanley increased their price objective on shares of Voya Financial from $89.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. UBS Group raised their target price on shares of Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Voya Financial presently has a consensus rating of "Hold" and a consensus price target of $83.70.

About Voya Financial

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.

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