Voya Financial, Inc. $VOYA Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its holdings in Voya Financial, Inc. (NYSE:VOYA) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 37,212 shares of the asset manager’s stock after purchasing an additional 1,374 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Voya Financial were worth $2,642,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of VOYA. Boston Partners grew its position in Voya Financial by 70.4% in the 2nd quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock valued at $239,175,000 after buying an additional 1,394,321 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Voya Financial by 23.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock worth $384,849,000 after acquiring an additional 1,095,190 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Voya Financial in the second quarter valued at approximately $34,378,000. Woodline Partners LP acquired a new position in shares of Voya Financial during the first quarter valued at approximately $30,022,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Voya Financial by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 5,539,009 shares of the asset manager’s stock valued at $393,270,000 after acquiring an additional 407,426 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on Voya Financial from $83.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Evercore ISI upped their price objective on Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings cut shares of Voya Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, November 13th. Finally, UBS Group raised their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.50.

Voya Financial Price Performance

VOYA stock opened at $69.75 on Wednesday. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $83.58. The firm has a 50-day moving average of $73.98 and a two-hundred day moving average of $71.70. The firm has a market capitalization of $6.64 billion, a PE ratio of 11.99, a P/E/G ratio of 0.49 and a beta of 0.99. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. On average, analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Wednesday, November 26th will be issued a $0.47 dividend. The ex-dividend date is Wednesday, November 26th. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.7%. Voya Financial’s dividend payout ratio is currently 30.93%.

Voya Financial Company 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.