abrdn plc Purchases 17,067 Shares of Voya Financial, Inc. (NYSE:VOYA)

abrdn plc boosted its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 109.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,602 shares of the asset manager's stock after buying an additional 17,067 shares during the quarter. abrdn plc's holdings in Voya Financial were worth $2,379,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new position in shares of Voya Financial in the fourth quarter worth about $26,000. Clearstead Advisors LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at approximately $33,000. Fifth Third Bancorp boosted its stake in shares of Voya Financial by 12.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager's stock valued at $118,000 after buying an additional 196 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Voya Financial during the fourth quarter worth approximately $213,000. Finally, Mutual Advisors LLC bought a new stake in shares of Voya Financial in the third quarter worth $201,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

VOYA stock traded up $0.69 during mid-day trading on Monday, reaching $69.04. The company had a trading volume of 680,563 shares, compared to its average volume of 890,053. The stock's 50-day simple moving average is $69.73 and its two-hundred day simple moving average is $70.34. The stock has a market capitalization of $7.00 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.46 and a beta of 1.06. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.28.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $304.66 million. Research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, May 24th. Voya Financial's dividend payout ratio (DPR) is 29.47%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VOYA shares. Morgan Stanley decreased their price objective on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating for the company in a report on Friday, March 1st. Piper Sandler upped their price objective on Voya Financial from $78.00 to $86.00 and gave the company an "overweight" rating in a research note on Friday, April 5th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $82.00 target price on shares of Voya Financial in a report on Monday, January 8th. Evercore ISI boosted their price target on Voya Financial from $79.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Voya Financial from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $82.50.

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.