DRW Securities LLC Purchases Shares of 12,275 Voya Financial, Inc. (NYSE:VOYA)

DRW Securities LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,275 shares of the asset manager’s stock, valued at approximately $873,000.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Voya Financial by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after buying an additional 644,216 shares during the last quarter. Boston Partners raised its holdings in shares of Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock valued at $186,310,000 after purchasing an additional 1,151,822 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Voya Financial by 1,020.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock valued at $175,057,000 after purchasing an additional 2,156,773 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares in the last quarter. Finally, Norges Bank purchased a new position in Voya Financial during the fourth quarter worth about $80,749,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA opened at $76.62 on Monday. The firm has a 50-day moving average price of $70.58 and a 200-day moving average price of $71.34. Voya Financial, Inc. has a twelve month low of $63.02 and a twelve month high of $78.12. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The company 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 released its quarterly earnings data 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. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. Voya Financial’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 EPS. Equities analysts expect that Voya Financial, Inc. will post 8.45 EPS for the current year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, August 27th will be issued a dividend of $0.45 per share. This is a boost 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 2.35%. Voya Financial’s dividend payout ratio is 25.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VOYA shares. Evercore ISI increased their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Citigroup increased their price target on Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Barclays initiated coverage on Voya Financial in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $84.00 price objective on the stock. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. reduced 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. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average 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.