Teachers Retirement System of The State of Kentucky Grows Position in Voya Financial, Inc. $VOYA

Teachers Retirement System of The State of Kentucky raised its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 23.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,072 shares of the asset manager’s stock after acquiring an additional 35,800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Voya Financial were worth $14,293,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Voya Financial by 17.7% in the third quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock valued at $487,463,000 after purchasing an additional 977,870 shares during the last quarter. Kelly Financial Group LLC grew its position in Voya Financial by 1.9% in the 3rd quarter. Kelly Financial Group LLC now owns 4,072,102 shares of the asset manager’s stock worth $304,593,000 after purchasing an additional 77,418 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Voya Financial by 6.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock valued at $242,716,000 after buying an additional 219,130 shares during the last quarter. Boston Partners lifted its position in shares of Voya Financial by 70.4% during the 2nd quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock worth $239,175,000 after buying an additional 1,394,321 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Voya Financial by 3.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,662,301 shares of the asset manager’s stock worth $199,140,000 after buying an additional 88,151 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 0.7%

Shares of Voya Financial stock opened at $67.61 on Wednesday. The stock has a market capitalization of $6.27 billion, a P/E ratio of 10.75, a P/E/G ratio of 0.46 and a beta of 0.90. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $79.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s 50-day simple moving average is $74.80 and its 200 day simple moving average is $74.09.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share 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 analysts’ expectations of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.Voya Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.88 annualized dividend and a dividend yield of 2.8%. Voya Financial’s dividend payout ratio is currently 29.89%.

Analyst Ratings Changes

VOYA has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Evercore lowered their target price on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley cut their price target on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Finally, UBS Group set a $90.00 target price on shares of Voya Financial in a research note on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.