Voya Financial, Inc. $VOYA Stock Holdings Lifted by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its position in Voya Financial, Inc. (NYSE:VOYA) by 40.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,596 shares of the asset manager’s stock after purchasing an additional 7,115 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Voya Financial were worth $1,840,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in VOYA. Royal Bank of Canada increased its holdings in Voya Financial by 21.7% in the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock worth $5,741,000 after buying an additional 15,091 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Voya Financial by 8.4% in the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after acquiring an additional 51,376 shares in the last quarter. Empowered Funds LLC grew its position in Voya Financial by 13.5% in the first quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock worth $2,564,000 after acquiring an additional 4,490 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Voya Financial by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock worth $25,081,000 after purchasing an additional 6,127 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $70.39 on Thursday. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.45 and a beta of 0.90. The business has a 50 day moving average price of $74.70 and a 200 day moving average price of $74.07. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $79.99.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.17). Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s dividend payout ratio is presently 29.89%.

Wall Street Analyst Weigh In

Several equities analysts have commented on VOYA shares. UBS Group set a $90.00 target price on shares of Voya Financial in a research report on Wednesday, February 4th. Royal Bank Of Canada upped their price target on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Wall Street Zen downgraded Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.89.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.