Voya Financial, Inc. $VOYA Stake Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 67.6% during the 3rd quarter, Holdings Channel reports. The firm owned 17,100 shares of the asset manager’s stock after purchasing an additional 6,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Voya Financial were worth $1,279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Voya Financial during the third quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Voya Financial by 149.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Voya Financial by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares in the last quarter. Geneos Wealth Management Inc. boosted its position 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. Finally, Mather Group LLC. acquired a new position in shares of Voya Financial in the 3rd quarter worth approximately $65,000. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

VOYA has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased 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. Royal Bank Of Canada raised their price objective on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Wells Fargo & Company upped their target price on Voya Financial from $80.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Finally, Evercore decreased their price target on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $74.70 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.36 and a quick ratio of 0.27. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $79.99. The business’s 50-day moving average price is $75.67 and its two-hundred day moving average price is $74.27. The company has a market capitalization of $7.11 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 0.50 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last posted its 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). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. Analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.89%.

Voya Financial Company 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.