Vanguard Personalized Indexing Management LLC Purchases 621 Shares of Voya Financial, Inc. (NYSE:VOYA)

Vanguard Personalized Indexing Management LLC raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,874 shares of the asset manager’s stock after purchasing an additional 621 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Voya Financial were worth $916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in VOYA. TFO Wealth Partners LLC raised its holdings in shares of Voya Financial by 1,035,080.0% in the fourth quarter. TFO Wealth Partners LLC now owns 51,759 shares of the asset manager’s stock valued at $3,776,000 after acquiring an additional 51,754 shares in the last quarter. Crestline Management LP bought a new stake in shares of Voya Financial in the 4th quarter valued at about $1,554,000. Gillson Capital LP purchased a new stake in shares of Voya Financial in the 4th quarter worth approximately $11,142,000. FORA Capital LLC boosted its stake in shares of Voya Financial by 94.1% during the first quarter. FORA Capital LLC now owns 28,175 shares of the asset manager’s stock valued at $2,083,000 after purchasing an additional 13,662 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Voya Financial by 149.4% during the first quarter. Empowered Funds LLC now owns 25,399 shares of the asset manager’s stock valued at $1,877,000 after buying an additional 15,216 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

NYSE:VOYA opened at $77.01 on Tuesday. 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 $7.75 billion, a PE ratio of 10.94, a P/E/G ratio of 0.56 and a beta of 1.03. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $78.12. The company has a fifty day moving average of $70.68 and a two-hundred day moving average of $71.40.

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, topping the consensus estimate of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, research analysts forecast that Voya Financial, Inc. will post 8.45 earnings per share 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. Stockholders of record on Tuesday, August 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Tuesday, August 27th. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. Voya Financial’s dividend payout ratio (DPR) is 25.57%.

Analysts Set New Price Targets

VOYA has been the subject of a number of analyst reports. Bank of America upped their target price on Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Citigroup lifted their price target on 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 increased their price objective on Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Morgan Stanley decreased their target price 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. Finally, Piper Sandler reiterated an “overweight” rating and issued a $84.00 price target on shares of Voya Financial in a report on Monday. Five 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 has an average rating of “Moderate Buy” and an average target price of $83.45.

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.