Brooklyn Investment Group Acquires New Stake in Voya Financial, Inc. (NYSE:VOYA)

Brooklyn Investment Group bought a new position in Voya Financial, Inc. (NYSE:VOYA) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 997 shares of the asset manager’s stock, valued at approximately $79,000.

A number of other institutional investors have also recently modified their holdings of VOYA. FMR LLC raised its position in shares of Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock valued at $212,152,000 after purchasing an additional 38,438 shares in the last quarter. Boston Partners raised its holdings in Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after buying an additional 1,151,822 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after buying an additional 248,795 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Voya Financial by 29.6% during the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock valued at $46,376,000 after buying an additional 148,810 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $82.93 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $80.42 and its two-hundred day moving average is $74.69. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30. The company has a market capitalization of $7.98 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $2.07 EPS. Voya Financial’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. Voya Financial’s dividend payout ratio is currently 28.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VOYA shares. Piper Sandler upped their price target on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Wells Fargo & Company boosted their target price on shares of Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Barclays raised their price target on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Buying and Selling

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.

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.