Royal London Asset Management Ltd. Purchases 760 Shares of Voya Financial, Inc. (NYSE:VOYA)

Royal London Asset Management Ltd. raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,259 shares of the asset manager’s stock after purchasing an additional 760 shares during the period. Royal London Asset Management Ltd. owned 0.06% of Voya Financial worth $4,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VOYA. SYSTM Wealth Solutions LLC grew its holdings in Voya Financial by 56.2% during the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 149 shares during the period. FinTrust Capital Advisors LLC bought a new position in Voya Financial during the first quarter valued at $43,000. Allspring Global Investments Holdings LLC grew its holdings in Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 822 shares during the period. Mather Group LLC. bought a new position in shares of Voya Financial in the first quarter worth $85,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Voya Financial by 70.9% in the second quarter. GAMMA Investing LLC now owns 1,297 shares of the asset manager’s stock worth $92,000 after acquiring an additional 538 shares during the period. 96.10% of the stock is owned by institutional investors.

Voya Financial Trading Down 0.3 %

Shares of VOYA stock opened at $75.10 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. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $76.75. The company has a market capitalization of $7.38 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. The business’s fifty day moving average is $70.00 and its 200 day moving average is $70.99.

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

Voya Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.45 per share. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, August 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.40%. Voya Financial’s dividend payout ratio (DPR) is presently 25.57%.

Analyst Ratings Changes

VOYA has been the subject of a number of analyst reports. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday. Wells Fargo & Company cut their price target on Voya Financial from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Voya Financial in a report on Wednesday, August 7th. Barclays initiated coverage on Voya Financial in a report on Wednesday, September 4th. They issued an “overweight” rating and a $84.00 price target for the company. Finally, Morgan Stanley cut their price target on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $83.64.

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.