Geode Capital Management LLC Buys 70,208 Shares of Voya Financial, Inc. $VOYA

Geode Capital Management LLC raised its stake in Voya Financial, Inc. (NYSE:VOYA) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,827,362 shares of the asset manager’s stock after acquiring an additional 70,208 shares during the period. Geode Capital Management LLC owned approximately 1.92% of Voya Financial worth $136,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Voya Financial in the 4th quarter valued at $33,000. Systematic Financial Management LP bought a new stake in Voya Financial in the 4th quarter valued at $37,000. Rothschild Investment LLC increased its holdings in Voya Financial by 5,180.0% in the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 518 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Voya Financial by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 475 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. TD Cowen started coverage on shares of Voya Financial in a report on Monday, April 20th. They issued a “buy” rating and a $100.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Barclays boosted their target price on shares of Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Bank of America reduced their target price on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.30.

Voya Financial Stock Performance

Voya Financial stock opened at $83.92 on Friday. The company’s 50-day moving average price is $76.76 and its 200-day moving average price is $74.16. Voya Financial, Inc. has a twelve month low of $64.50 and a twelve month high of $84.27. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.61 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $2.00 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Voya Financial, Inc. will post 9.56 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio is presently 28.40%.

Voya Financial Profile

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.