Wellington Management Group LLP Purchases 280,316 Shares of Voya Financial, Inc. $VOYA

Key Points

• Wellington Management Group LLP increased its holdings in Voya Financial, acquiring an additional 280,316 shares and raising its total ownership to 5,512,176 shares, worth approximately $373.5 million.
• Several analysts have recently raised their price targets for Voya Financial, with the consensus average target now at $83.50, reflecting positive sentiment among market analysts.
• Voya Financial declared a quarterly dividend of $0.45 per share, which will be distributed on September 26th, and represents an annualized yield of 2.4%.

Wellington Management Group LLP increased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,512,176 shares of the asset manager's stock after acquiring an additional 280,316 shares during the period. Wellington Management Group LLP owned about 5.73% of Voya Financial worth $373,505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOYA. Raymond James Financial Inc. acquired a new stake in shares of Voya Financial in the 4th quarter worth about $8,018,000. Barclays PLC raised its holdings in shares of Voya Financial by 56.1% in the 4th quarter. Barclays PLC now owns 76,298 shares of the asset manager's stock worth $5,251,000 after acquiring an additional 27,408 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Voya Financial in the 4th quarter worth about $677,000. Canada Pension Plan Investment Board acquired a new stake in shares of Voya Financial in the 4th quarter worth about $1,707,000. Finally, GeoWealth Management LLC raised its holdings in shares of Voya Financial by 446.7% in the 4th quarter. GeoWealth Management LLC now owns 1,591 shares of the asset manager's stock worth $110,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of VOYA stock traded up $1.7240 during trading hours on Friday, hitting $76.4340. 641,813 shares of the company were exchanged, compared to its average volume of 935,824. The firm has a fifty day simple moving average of $71.18 and a 200 day simple moving average of $67.86. 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, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 0.60 and a beta of 0.99.

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 (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.31. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. Voya Financial's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.18 EPS. Research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be issued a $0.45 dividend. 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 (DPR) is 36.00%.

Insider Buying and Selling

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Royal Bank Of Canada increased their price objective on shares of Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday. 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. UBS Group increased their price objective 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. Finally, Barclays increased their price objective 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. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Voya Financial has an average rating of "Hold" and an average price target 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.