Voya Financial, Inc. (NYSE:VOYA) Position Lowered by Blair William & Co. IL

Blair William & Co. IL decreased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,205 shares of the asset manager’s stock after selling 175 shares during the period. Blair William & Co. IL’s holdings in Voya Financial were worth $370,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VOYA. Price T Rowe Associates Inc. MD lifted its position in shares of Voya Financial by 1,020.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after purchasing an additional 2,156,773 shares during the last quarter. Boston Partners lifted its holdings in Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after acquiring an additional 1,151,822 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Voya Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after acquiring an additional 644,216 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after acquiring an additional 248,795 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Voya Financial in the second quarter worth about $13,013,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

NYSE VOYA opened at $78.65 on Friday. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $79.69. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $7.73 billion, a PE ratio of 11.17, a P/E/G ratio of 0.57 and a beta of 1.03. The company’s 50 day simple moving average is $71.02 and its 200 day simple moving average is $71.56.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business earned $2.31 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Voya Financial, Inc. will post 8.45 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, August 27th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Tuesday, August 27th. This is a positive change from Voya Financial’s previous quarterly dividend of $0.40. Voya Financial’s dividend payout ratio (DPR) is currently 25.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $84.00 target price on shares of Voya Financial in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $83.00 target price on shares of Voya Financial in a report on Wednesday, August 7th. Raymond James cut shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Barclays assumed coverage on shares of Voya Financial in a report on Wednesday, September 4th. They issued an “overweight” rating and a $84.00 target price on the stock. Finally, Bank of America lifted their price target on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

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.