Brandywine Global Investment Management LLC Boosts Holdings in Voya Financial, Inc. $VOYA

Key Points

• Brandywine Global Investment Management LLC increased its stake in Voya Financial by 109.4%, owning approximately 0.06% of the company worth $4,041,000.
• Voya Financial recently reported earnings per share (EPS) of $2.40, beating expectations, with a quarterly revenue of $1.98 billion against a consensus estimate of $1.94 billion.
• The company declared a quarterly dividend of $0.45 per share, with a yield of 2.4%, set to be paid on September 26th.

Brandywine Global Investment Management LLC boosted its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 109.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,638 shares of the asset manager's stock after buying an additional 31,158 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Voya Financial worth $4,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in Voya Financial by 142.9% in the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock valued at $91,000 after buying an additional 790 shares during the period. Vident Advisory LLC bought a new stake in Voya Financial in the fourth quarter valued at $250,000. Principal Financial Group Inc. increased its stake in Voya Financial by 0.3% in the first quarter. Principal Financial Group Inc. now owns 221,385 shares of the asset manager's stock valued at $15,001,000 after purchasing an additional 574 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in Voya Financial in the first quarter valued at $385,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Voya Financial by 1,305.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,913 shares of the asset manager's stock valued at $11,340,000 after purchasing an additional 155,038 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Insiders Place Their Bets

In other Voya Financial 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 value of $112,506.00. Following the transaction, the director directly owned 355 shares in the company, valued at $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is currently owned by insiders.

Voya Financial Stock Up 2.2%

Shares of NYSE:VOYA traded up $1.6150 during midday trading on Friday, hitting $76.3250. 388,834 shares of the company's stock were exchanged, compared to its average volume of 934,059. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a 50 day moving average price of $71.18 and a 200-day moving average price of $67.86. The company has a market cap of $7.36 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.73% and a return on equity of 13.72%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $2.18 EPS. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 26th. Voya Financial's dividend payout ratio is presently 36.00%.

Wall Street Analysts Forecast Growth

VOYA has been the subject of several research analyst reports. UBS Group lifted their price target on shares of Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays lifted their price target on shares of Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Morgan Stanley lifted their price target on shares of Voya Financial from $89.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Wells Fargo & Company lifted their price target on shares of Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Voya Financial presently has a consensus rating of "Hold" and an average target price of $83.70.

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.