XTX Topco Ltd Boosts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

XTX Topco Ltd lifted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 100.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,075 shares of the asset manager’s stock after buying an additional 6,043 shares during the period. XTX Topco Ltd’s holdings in Voya Financial were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VOYA. Vanguard Personalized Indexing Management LLC raised its stake in shares of Voya Financial by 5.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,874 shares of the asset manager’s stock worth $916,000 after acquiring an additional 621 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Voya Financial by 51.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,163 shares of the asset manager’s stock valued at $296,000 after purchasing an additional 1,419 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Voya Financial during the 2nd quarter valued at $13,013,000. Dimensional Fund Advisors LP raised its position in Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after purchasing an additional 248,795 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Voya Financial by 19.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,490 shares of the asset manager’s stock worth $1,529,000 after purchasing an additional 3,433 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VOYA shares. Barclays started coverage on Voya Financial in a research note on Wednesday, September 4th. They set an “overweight” rating and a $84.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Citigroup boosted their price objective on Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $83.00 price objective on shares of Voya Financial in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price target on shares of Voya Financial from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $83.64.

Voya Financial Trading Down 1.6 %

Shares of VOYA opened at $76.62 on Friday. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $78.12. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $70.58 and its 200-day moving average price is $71.31. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 0.56 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $2.31 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts anticipate that Voya Financial, Inc. will post 8.45 EPS for the current year.

Voya Financial Increases Dividend

The company also recently disclosed 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. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.35%. Voya Financial’s dividend payout ratio is 25.57%.

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.