Texas Permanent School Fund Corp Sells 13,052 Shares of Voya Financial, Inc. (NYSE:VOYA)

Texas Permanent School Fund Corp lessened its position in Voya Financial, Inc. (NYSE:VOYA) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,092 shares of the asset manager’s stock after selling 13,052 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Voya Financial worth $5,485,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VOYA. International Assets Investment Management LLC bought a new stake in Voya Financial in the 4th quarter worth $713,000. Charles Schwab Investment Management Inc. grew its holdings in Voya Financial by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 681,329 shares of the asset manager’s stock worth $49,710,000 after acquiring an additional 18,316 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Voya Financial in the 4th quarter worth about $368,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Voya Financial by 10.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,517 shares of the asset manager’s stock worth $1,205,000 after purchasing an additional 1,583 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of Voya Financial by 10.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 48,265 shares of the asset manager’s stock worth $3,521,000 after purchasing an additional 4,608 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 0.5 %

Shares of Voya Financial stock opened at $75.34 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $7.59 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $76.75. The company has a 50-day simple moving average of $69.90 and a two-hundred day simple moving average of $70.91.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.13. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 earnings per share. On average, analysts anticipate that Voya Financial, Inc. will post 8.42 EPS for the current fiscal year.

Voya Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, August 27th. This is a boost from Voya Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.39%. Voya Financial’s payout ratio is 25.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 target price on shares of Voya Financial in a research report on Wednesday, August 7th. Citigroup raised their target price on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Evercore ISI raised their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group raised their target price on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Voya Financial from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.64.

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.